Twentynine Palms, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Twentynine Palms Neighborhoods Since 2000




Twentynine Palms, 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

Twentynine Palms Housing Market Information

With 26,025 people, 8,250 houses or apartments, and a median cost of homes of $131,416, house prices in Twentynine Palms are solidly below the national average.

Single-family detached homes are the single most common housing type in Twentynine Palms, accounting for 61.63% of the city's housing units. Other types of housing that are prevalent in Twentynine Palms include duplexes, homes converted to apartments or other small apartment buildings ( 16.69%), row houses and other attached homes ( 9.77%), and a few large apartment complexes or high rise apartments ( 8.32%).

Twentynine Palms is dominated by renter-occupied one, two, or no bedrooms apartments. 75.60% of Twentynine Palms's dwellings are rentals.

There is a lot of housing in Twentynine Palms 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 Twentynine Palms built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.69%). There's also some housing in Twentynine Palms built before 1939 ( 1.67%).

Vacant housing appears to be an issue in Twentynine Palms. Fully 17.54% of the housing stock is classified as vacant. Left unchecked, vacant Twentynine Palms homes and apartments can be a drag on the real estate market, holding Twentynine Palms real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Twentynine Palms Home Appreciation Rates

Homes have actually lost value in Twentynine Palms over the last then years, as home values have seen a decline of 33.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Twentynine Palms home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.

Over the last year, Twentynine Palms appreciation rates have trailed the rest of the nation. In the last twelve months, Twentynine Palms's appreciation rate has been 2.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Twentynine Palms were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Twentynine Palms 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 Twentynine Palms's latest annual appreciation rate is lower than 90% 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 Twentynine Palms differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Twentynine Palms - 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 Twentynine Palms real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$131,416

Twentynine Palms, CA HOME PRICES

Value Range
> $1,158,000 3.9
$868,001 - $1,158,000 0.1
$580,001 - $868,000 0.6
$463,001 - $580,000 1.2
$348,001 - $463,000 2.2
$231,001 - $348,000 7.0
$116,001 - $231,000 49.4
$58,001 - $116,000 22.9
$0 - $58,000 12.6

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
59.1058244462674 96.9576719576719

Number Of Homes And Apartments:
8,250

Twentynine Palms 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
45.63% 2.20% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,133 / per month

Homeownership Rate

Homeownership
Owners 24.40
Renters 75.60
Vacant 17.54

Housing Market Details

 

Age of Homes

AGE OF Twentynine Palms HOMES
2000 or Newer 19.7
1970 - 1999 50.5
1940 - 1969 28.1
1939 or Older 1.7

Types of Homes

TYPE OF Twentynine Palms HOMES
Single-Family 61.6
Townhomes 9.8
Small Apt. Buildings 16.7
Apt. Complexes 8.3
Mobile Homes 3.5
Other 0.1

Home Size

SIZE OF Twentynine Palms HOMES
No Bedroom 3.80
1 Bedroom 10.09
2 Bedrooms 36.22
3 Bedrooms 40.60
4 Bedrooms 8.80
5 or more bedrooms 0.49

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Zip Codes in Twentynine Palms, CA