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 84,563 people, 29,292 houses or apartments, and a median cost of homes of $872,836, real estate costs in Hawthorne 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.
Large apartment complexes or high rise apartments are the single most common housing type in Hawthorne, accounting for 52.96% of the city's housing units. Other types of housing that are prevalent in Hawthorne include single-family detached homes ( 27.54%), duplexes, homes converted to apartments or other small apartment buildings ( 12.63%), and a few row houses and other attached homes ( 6.41%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Hawthorne is dominated by renter-occupied one, two, or no bedrooms apartments. 72.50% of Hawthorne's dwellings are rentals.
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. Hawthorne's housing was primarily built during this period, from the '40s through the '60s. A full 44.53% of the city's housing hails from this era. Other housing ages represented in Hawthorne include homes built between 1970-1999 ( 44.43%) and housing constructed between 2000 and later ( 7.21%). There's also some housing in Hawthorne built before 1939 ( 3.83%).
Appreciation rates for homes in Hawthorne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.68%, which ranks in the top 40% nationwide. This equates to an annual average Hawthorne house appreciation rate of 7.27%.
NeighborhoodScout's data show that during the latest twelve months, Hawthorne's appreciation rate, at 6.26%, has been at or slightly above the national average. In the latest quarter, Hawthorne's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
Relative to California, our data show that Hawthorne's latest annual appreciation rate is higher than 50% 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 Hawthorne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hawthorne - 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 Hawthorne real estate investment or home purchase decisions.
$872,836
for California
for nation
29,292
$2,815 / per month