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 47,044, 12,336 total housing units (homes and apartments), and a median house value of $519,767, Los Banos real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Los Banos, accounting for 84.15% of the city's housing units. Other types of housing that are prevalent in Los Banos include large apartment complexes or high rise apartments ( 6.42%), duplexes, homes converted to apartments or other small apartment buildings ( 4.80%), and a few mobile homes or trailers ( 2.59%).
The most prevalent building size and type in Los Banos are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.01% owning and 41.99% renting.
There is a lot of housing in Los Banos 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 Los Banos built between 2000 and later ( 34.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.44%). There's also some housing in Los Banos built before 1939 ( 1.23%).
In the last 10 years, Los Banos has experienced some of the highest home appreciation rates of any community in the nation. Los Banos real estate appreciated 124.47% over the last ten years, which is an average annual home appreciation rate of 8.42%, putting Los Banos in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Banos definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Los Banos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Banos's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Banos were at 3.47%, which equates to an annual appreciation rate of 14.62%.
Importantly, this makes Los Banos 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 Los Banos's latest annual appreciation rate is lower than 70% 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 Los Banos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Banos - 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 Los Banos real estate investment or home purchase decisions.
$519,767
for California
for nation
12,336
$2,577 / per month