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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Palos Verdes Estates, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Palos Verdes Estates, CA Housing Market Trends

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%).

Palos Verdes Estates Home Appreciation Rates

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.

Average Home Values

Median Home Value

$3,021,224

Palos Verdes Estates, CA Home Prices
> $825,000
$618,001 - $825,000
$412,001 - $618,000
$330,001 - $412,000
$247,001 - $330,000
$165,001 - $247,000
$82,001 - $165,000
$41,001 - $82,000
$0 - $41,000
91.1%
91.1%
3.9%
3.9%
1.4%
1.4%
0.0%
0.0%
0.0%
0.0%
0.9%
0.9%
1.2%
1.2%
0.0%
0.0%
1.5%
1.5%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

5,123

Palos Verdes Estates Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,088 / per month

Homeownership Rate

Owners
Renters
88.8%
88.8%
11.2%
11.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.4%
5.4%
31.5%
31.5%
58.6%
58.6%
4.5%
4.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.7%
93.7%
0.6%
0.6%
0.5%
0.5%
5.2%
5.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
1.6%
1.6%
9.1%
9.1%
35.9%
35.9%
36.3%
36.3%
16.9%
16.9%
0% 100.0%
% of Homes