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 11,345, 5,100 total housing units (homes and apartments), and a median house value of $629,211, real estate costs in Diamond Springs 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 Diamond Springs, accounting for 63.42% of the town's housing units. Other types of housing that are prevalent in Diamond Springs include mobile homes or trailers ( 18.35%), large apartment complexes or high rise apartments ( 7.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Diamond Springs. Owner-occupied housing accounts for 66.13% of Diamond Springs's homes, and 62.20% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Diamond Springs 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 Diamond Springs built between 1940-1969 ( 16.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.83%). There's also some housing in Diamond Springs built before 1939 ( 5.16%).
In the last 10 years, Diamond Springs has experienced some of the highest home appreciation rates of any community in the nation. Diamond Springs real estate appreciated 137.50% over the last ten years, which is an average annual home appreciation rate of 9.04%, putting Diamond Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Diamond Springs 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 Diamond Springs that despite a nationwide downturn in the housing market, Diamond Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Diamond Springs appreciation rates continue to be some of the highest in America, at 30.59%, which is higher than appreciation rates in 99.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Diamond Springs. Diamond Springs appreciation rates in the latest quarter were at 30.45%, which equates to an annual appreciation rate of 189.56%.
Importantly, this makes Diamond Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Diamond Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$629,211
for California
for nation
5,100
$2,773 / per month