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 12,792, 5,123 total housing units (homes and apartments), and a median house value of $3,021,224, Palos Verdes Estates house prices are not only among the most expensive in California, Palos Verdes Estates real estate also is some of the most expensive in all of America.
Palos Verdes Estates is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Palos Verdes Estates than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palos Verdes Estates. Owner-occupied housing accounts for 88.83% of Palos Verdes Estates's homes, and 72.21% have either three or four bedrooms, which is average sized relative to America.
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. Palos Verdes Estates's housing was primarily built during this period, from the '40s through the '60s. A full 58.59% of the city's housing hails from this era. Other housing ages represented in Palos Verdes Estates include homes built between 1970-1999 ( 31.47%) and housing constructed between 2000 and later ( 5.45%). There's also some housing in Palos Verdes Estates built before 1939 ( 4.49%).
Appreciation rates for homes in Palos Verdes Estates have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.45%, which ranks in the top 30% nationwide. This equates to an annual average Palos Verdes Estates house appreciation rate of 7.72%.
NeighborhoodScout's data show that during the latest twelve months, Palos Verdes Estates's appreciation rate, at 7.46%, has been at or slightly above the national average. In the latest quarter, Palos Verdes Estates's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
Relative to California, our data show that Palos Verdes Estates's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
$3,021,224
for California
for nation
5,123
$5,088 / per month