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 about Scout's Real Estate Data
With a population of 13,374, 3,067 total housing units (homes and apartments), and a median house value of $299,071, Avenal real estate values are some of the lowest in California, although compared to real estate around the nation, Avenal homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Avenal, accounting for 66.92% of the city's housing units. Other types of housing that are prevalent in Avenal include large apartment complexes or high rise apartments ( 20.70%), duplexes, homes converted to apartments or other small apartment buildings ( 5.88%), and a few mobile homes or trailers ( 3.44%).
The most prevalent building size and type in Avenal are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.58% owning and 64.42% renting.
There is a lot of housing in Avenal 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 Avenal built between 1940-1969 ( 26.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.23%). There's also some housing in Avenal built before 1939 ( 5.07%).
Appreciation rates for homes in Avenal have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.30%, which ranks in the top 30% nationwide. This equates to an annual average Avenal house appreciation rate of 7.82%.
Over the last year, Avenal appreciation rates have trailed the rest of the nation. In the last twelve months, Avenal's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Avenal were at 3.54%, which equates to an annual appreciation rate of 14.92%.
Importantly, this makes Avenal 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 Avenal's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
$299,071
for California
for nation
3,067
$1,800 / per month