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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 36,365, 11,604 total housing units (homes and apartments), and a median house value of $745,508, real estate costs in Temple City 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 Temple City, accounting for 80.62% of the city's housing units. Other types of housing that are prevalent in Temple City include large apartment complexes or high rise apartments ( 8.06%), row houses and other attached homes ( 7.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.78%).
The most prevalent building size and type in Temple City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.67% owning and 35.33% renting.
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. Temple City's housing was primarily built during this period, from the '40s through the '60s. A full 65.71% of the city's housing hails from this era. Other housing ages represented in Temple City include homes built between 1970-1999 ( 18.36%) and housing constructed before 1939 ( 8.19%). There's also some housing in Temple City built between 2000 and later ( 7.74%).
In the last 10 years, Temple City has experienced some of the highest home appreciation rates of any community in the nation. Temple City real estate appreciated 26.97% over the last ten years, which is an average annual home appreciation rate of 2.42%, putting Temple City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Temple City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Temple City's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Temple City's appreciation rate has been 1.99%, which annualizes to a rate of 8.20%.
Importantly, this makes Temple City 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 Temple City'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 Temple City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple City - 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 Temple City real estate investment or home purchase decisions.
|$930,001 - $1,241,000||14.0|
|$621,001 - $930,000||52.5|
|$496,001 - $621,000||14.1|
|$372,001 - $496,000||5.7|
|$248,001 - $372,000||1.9|
|$124,001 - $248,000||1.5|
|$62,001 - $124,000||2.7|
|$0 - $62,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Temple City HOMES|
|2000 or Newer||7.7|
|1970 - 1999||18.4|
|1940 - 1969||65.7|
|1939 or Older||8.2|
|TYPE OF Temple City HOMES|
|Small Apt. Buildings||2.8|
|SIZE OF Temple City HOMES|
|5 or more bedrooms||1.85|