South Gate, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating South Gate Neighborhoods Since 2000




South Gate, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

South Gate Housing Market Information

With a population of 96,401, 23,398 total housing units (homes and apartments), and a median house value of $416,553, real estate costs in South Gate 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 Gate, accounting for 57.28% of the city's housing units. Other types of housing that are prevalent in South Gate include duplexes, homes converted to apartments or other small apartment buildings ( 18.13%), large apartment complexes or high rise apartments ( 15.22%), and a few row houses and other attached homes ( 8.10%).

People in South Gate primarily live in small (one, two or no bedroom) single-family detached homes. South Gate 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 Gate's housing was primarily built during this period, from the '40s through the '60s. A full 62.97% of the city's housing hails from this era. Other housing ages represented in South Gate include homes built before 1939 ( 17.63%) and housing constructed between 1970-1999 ( 16.26%). There's also some housing in South Gate built between 2000 and later ( 3.14%).

South Gate Home Appreciation Rates

South Gate's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Gate during the period has been just -1.61%, which is lower than 80% of US communities.

Appreciation rates are so strong in South Gate that despite a nationwide downturn in the housing market, South Gate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Gate appreciation rates continue to be some of the highest in America, at 8.22%, which is higher than appreciation rates in 87.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Gate. South Gate appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes South Gate one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that South Gate's latest annual appreciation rate is higher than 50% 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 Gate differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Gate - 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 Gate real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$416,553

South Gate, CA HOME PRICES

Value Range
> $1,346,000 0.4
$1,009,001 - $1,346,000 0.6
$673,001 - $1,009,000 3.9
$538,001 - $673,000 9.3
$404,001 - $538,000 41.9
$269,001 - $404,000 37.1
$135,001 - $269,000 4.2
$67,001 - $135,000 0.5
$0 - $67,000 2.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.64291573889605 51.3227513227513

Number Of Homes And Apartments:
23,398

South Gate Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
131.65% 4.99% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,346 / per month

Homeownership Rate

Homeownership
Owners 45.27
Renters 54.73
Vacant 3.17

Housing Market Details

 

Age of Homes

AGE OF South Gate HOMES
2000 or Newer 3.1
1970 - 1999 16.3
1940 - 1969 63.0
1939 or Older 17.6

Types of Homes

TYPE OF South Gate HOMES
Single-Family 57.3
Townhomes 8.1
Small Apt. Buildings 18.1
Apt. Complexes 15.2
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF South Gate HOMES
No Bedroom 3.64
1 Bedroom 23.60
2 Bedrooms 37.43
3 Bedrooms 28.42
4 Bedrooms 5.98
5 or more bedrooms 0.93