Temecula, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Temecula Neighborhoods Since 2000




Temecula, 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

Temecula Housing Market Information

With 112,011 people, 32,835 houses or apartments, and a median cost of homes of $450,237, real estate costs in Temecula 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 Temecula, accounting for 78.29% of the city's housing units. Other types of housing that are prevalent in Temecula include large apartment complexes or high rise apartments ( 16.60%), row houses and other attached homes ( 2.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.83%).

The most prevalent building size and type in Temecula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.26% owning and 35.74% renting.

There is a lot of housing in Temecula built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Temecula built between 2000 and later ( 36.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.14%).

Temecula Home Appreciation Rates

Temecula's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Temecula during the period has been just -1.44%, which is lower than 80% of US communities.

Appreciation rates are so strong in Temecula that despite a nationwide downturn in the housing market, Temecula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temecula appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temecula. Temecula appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Temecula 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 Temecula's latest annual appreciation rate is lower than 80% 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 Temecula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temecula - 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 Temecula real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$450,237

Temecula, CA HOME PRICES

Value Range
> $1,321,000 1.7
$991,001 - $1,321,000 2.0
$661,001 - $991,000 8.7
$529,001 - $661,000 15.6
$396,001 - $529,000 32.1
$264,001 - $396,000 31.4
$132,001 - $264,000 5.7
$66,001 - $132,000 0.4
$0 - $66,000 2.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.40653931794211 46.4285714285714

Number Of Homes And Apartments:
32,835

Temecula 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
79.07% 3.44% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,219 / per month

Homeownership Rate

Homeownership
Owners 64.26
Renters 35.74
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Temecula HOMES
2000 or Newer 36.2
1970 - 1999 61.1
1940 - 1969 2.1
1939 or Older 0.5

Types of Homes

TYPE OF Temecula HOMES
Single-Family 78.3
Townhomes 2.5
Small Apt. Buildings 1.8
Apt. Complexes 16.6
Mobile Homes 0.7
Other 0.1

Home Size

SIZE OF Temecula HOMES
No Bedroom 0.48
1 Bedroom 5.40
2 Bedrooms 16.83
3 Bedrooms 34.59
4 Bedrooms 30.47
5 or more bedrooms 12.23