Temple City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Temple City Neighborhoods Since 2000




Temple City, CA Real Estate Data


Temple City Housing Market Information

With 36,365 people, 11,393 houses or apartments, and a median cost of homes of $753,577, 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 81.56% of the city's housing units. Other types of housing that are prevalent in Temple City include row houses and other attached homes ( 8.46%), large apartment complexes or high rise apartments ( 6.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Temple City. Owner-occupied housing accounts for 65.08% of Temple City's homes, and 59.59% have either three or four bedrooms, which is average sized relative to America.

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 64.46% of the city's housing hails from this era. Other housing ages represented in Temple City include homes built between 1970-1999 ( 18.55%) and housing constructed before 1939 ( 9.82%). There's also some housing in Temple City built between 2000 and later ( 7.16%).

Temple City Home Appreciation Rates

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 26.72% over the last ten years, which is an average annual home appreciation rate of 2.40%, putting Temple City in the top 20% 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.

Appreciation rates are so strong in Temple City that despite a nationwide downturn in the housing market, Temple City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple City appreciation rates continue to be some of the highest in America, at 5.89%, which is higher than appreciation rates in 72.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple City. Temple City appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Temple City's latest annual appreciation rate is lower than 60% 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.

Average Home Values

 

Median Home Value:
$753,577

Temple City, CA HOME PRICES

Value Range
> $1,323,000 4.4
$992,001 - $1,323,000 12.4
$662,001 - $992,000 50.5
$529,001 - $662,000 16.8
$397,001 - $529,000 6.1
$265,001 - $397,000 2.9
$132,001 - $265,000 1.5
$66,001 - $132,000 2.8
$0 - $66,000 2.6

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.35989927973297 21.4002642007926

Number Of Homes And Apartments:
11,393

Rent & Ownership

 

Average Market Rent:
$1,854 / per month

Homeownership Rate

Homeownership
Owners 65.08
Renters 34.92
Vacant 4.83

Housing Market Details

 

Age of Homes

AGE OF Temple City HOMES
2000 or Newer 7.2
1970 - 1999 18.6
1940 - 1969 64.5
1939 or Older 9.8

Types of Homes

TYPE OF Temple City HOMES
Single-Family 81.6
Townhomes 8.5
Small Apt. Buildings 2.7
Apt. Complexes 6.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Temple City HOMES
No Bedroom 1.40
1 Bedroom 10.47
2 Bedrooms 26.74
3 Bedrooms 42.59
4 Bedrooms 17.00
5 or more bedrooms 1.80

Temple City 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
183.39% 6.32% 10 10
* 10 is highest