South El Monte, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South El Monte, CA Real Estate Data


South El Monte Housing Market Information

With a population of 20,878, 4,821 total housing units (homes and apartments), and a median house value of $396,606, real estate costs in South El Monte are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in South El Monte, accounting for 67.14% of the city's housing units. Other types of housing that are prevalent in South El Monte include mobile homes or trailers ( 10.42%), large apartment complexes or high rise apartments ( 9.71%), and a few row houses and other attached homes ( 8.39%).

People in South El Monte primarily live in small (one, two or no bedroom) single-family detached homes. South El Monte has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South El Monte's housing was primarily built during this period, from the '40s through the '60s. A full 73.81% of the city's housing hails from this era. Other housing ages represented in South El Monte include homes built between 1970-1999 ( 17.38%) and housing constructed between 2000 and later ( 4.46%). There's also some housing in South El Monte built before 1939 ( 4.36%).

South El Monte Home Appreciation Rates

South El Monte's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South El Monte during the period has been just -0.97%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, South El Monte's appreciation rate, at 5.61%, has been at or slightly above the national average. In the latest quarter, South El Monte's appreciation rate has been 1.34%, which annualizes to a rate of 5.46%.

Relative to California, our data show that South El Monte's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South El Monte differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South El Monte - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South El Monte real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$396,606

South El Monte, CA HOME PRICES

Value Range
> $1,343,000 0.9
$1,007,001 - $1,343,000 0.7
$671,001 - $1,007,000 8.6
$537,001 - $671,000 12.9
$403,001 - $537,000 37.1
$268,001 - $403,000 21.4
$134,001 - $268,000 3.5
$67,001 - $134,000 1.7
$0 - $67,000 13.2

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.84950518240909 53.5006605019815

Number Of Homes And Apartments:
4,821

Rent & Ownership

 

Average Market Rent:
$1,465 / per month

Homeownership Rate

Homeownership
Owners 47.84
Renters 52.16
Vacant 4.12

Housing Market Details

 

Age of Homes

AGE OF South El Monte HOMES
2000 or Newer 4.5
1970 - 1999 17.4
1940 - 1969 73.8
1939 or Older 4.4

Types of Homes

TYPE OF South El Monte HOMES
Single-Family 67.1
Townhomes 8.4
Small Apt. Buildings 4.2
Apt. Complexes 9.7
Mobile Homes 10.4
Other 0.2

Home Size

SIZE OF South El Monte HOMES
No Bedroom 3.08
1 Bedroom 10.66
2 Bedrooms 37.79
3 Bedrooms 36.73
4 Bedrooms 10.04
5 or more bedrooms 1.69

South El Monte Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
139.15% 5.26% 10 10
* 10 is highest