Victorville, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Victorville Neighborhoods Since 2000




Victorville, CA Real Estate Data


Victorville Housing Market Information

With 122,225 people, 31,440 houses or apartments, and a median cost of homes of $190,643, Victorville real estate values are some of the lowest in California, although compared to real estate around the nation, Victorville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Victorville, accounting for 78.78% of the city's housing units. Other types of housing that are prevalent in Victorville include large apartment complexes or high rise apartments ( 10.80%), mobile homes or trailers ( 4.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.57%).

The most prevalent building size and type in Victorville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.45% owning and 43.55% renting.

There is a lot of housing in Victorville 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 Victorville built between 2000 and later ( 37.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.78%). There's also some housing in Victorville built before 1939 ( 1.01%).

Vacant housing appears to be an issue in Victorville. Fully 10.98% of the housing stock is classified as vacant. Left unchecked, vacant Victorville homes and apartments can be a drag on the real estate market, holding Victorville 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.

Victorville Home Appreciation Rates

Homes have actually lost value in Victorville over the last then years, as home values have seen a decline of 38.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Victorville home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.30%.

NeighborhoodScout's data show that during the latest twelve months, Victorville's appreciation rate, at 4.99%, has been at or slightly above the national average. In the latest quarter, Victorville's appreciation rate has been 1.54%, which annualizes to a rate of 6.30%.

Relative to California, our data show that Victorville'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 Victorville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Victorville - 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 Victorville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$190,643

Victorville, CA HOME PRICES

Value Range
> $1,519,000 0.4
$1,139,001 - $1,519,000 0.1
$759,001 - $1,139,000 0.2
$607,001 - $759,000 0.2
$456,001 - $607,000 3.1
$304,001 - $456,000 11.8
$152,001 - $304,000 54.4
$76,001 - $152,000 19.7
$0 - $76,000 10.0

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
35.5214616150378 89.0356671070013

Number Of Homes And Apartments:
31,440

Rent & Ownership

 

Average Market Rent:
$1,429 / per month

Homeownership Rate

Homeownership
Owners 56.45
Renters 43.55
Vacant 10.98

Housing Market Details

 

Age of Homes

AGE OF Victorville HOMES
2000 or Newer 37.1
1970 - 1999 51.1
1940 - 1969 10.8
1939 or Older 1.0

Types of Homes

TYPE OF Victorville HOMES
Single-Family 78.8
Townhomes 0.8
Small Apt. Buildings 4.6
Apt. Complexes 10.8
Mobile Homes 4.9
Other 0.1

Home Size

SIZE OF Victorville HOMES
No Bedroom 0.60
1 Bedroom 3.85
2 Bedrooms 18.35
3 Bedrooms 34.60
4 Bedrooms 31.12
5 or more bedrooms 11.47

Victorville 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
61.38% 2.86% 3 8
* 10 is highest