SoCal Cities with Fastest Rising Home Prices

0

Needless to say, the coronavirus pandemic has unleashed a wave of uncertainty across a myriad of industries, and no other market has felt its impact quite like real estate.

The pandemic has become a driving force behind the continued housing boom, with strong demand for vacation homes and a limited supply of homes prompting buyers and investors to drive up prices for affordable properties, sending prices skyrocketing houses. The ability to work remotely played a role in driving demand for vacation homes in mid-2020 as affluent Americans chose to ride out the pandemic with more amenities and space outside of dense urban areas.

Stacker compiled a list of cities with the fastest growing home prices in Los Angeles using data from Zillow. Cities are ranked by 1-year price change in April 2022. The charts in this story were created automatically using Matplotlib. The typical value of a home in the United States has increased over the past year by +20.9% to $334,141.

You May Also Like: Where Los Angeles People Move the Most

1/30 Stacker

#30. Huntington Beach, California

– Price change over 1 year: +$265,439 (+26.7%)
– Price change over 5 years: +$449,661 (+55.5%)
– Typical home value: $1,259,671 (44 most expensive metro city)

2 / 30 Stacker

#29. Bradbury, California

– Price change over 1 year: +$272,495 (+17.6%)
– Price variation over 5 years: +$307,787 (+20.3%)
– Typical home value: $1,824,767 (18th most expensive metro city)

3 / 30 Stacker

#28. Costa Mesa, California

– Price variation over 1 year: +$284,370 (+29.0%)
– Price change over 5 years: +$463,114 (+57.8%)
– Typical home value: $1,263,926 (43rd most expensive metro city)

4 / 30 Stacker

#27. Yorba Linda, California

– Price change over 1 year: +$284,899 (+28.7%)
– Price change over 5 years: +$450,093 (+54.3%)
– Typical home value: $1,279,286 (40 most expensive metro city)

5 / 30 Stacker

#26. Topanga, California

– Price change over 1 year: +$289,286 (+19.2%)
– Price change over 5 years: +$559,998 (+45.3%)
– Typical home value: $1,797,080 (21st most expensive metro city)

You might also like: Zip Codes with the Most Expensive Rent in Los Angeles

6 / 30 Stacker

#25. San Juan Capistrano, California

– Price change over 1 year: +$289,368 (+31.9%)
– Price variation over 5 years: +$429,755 (+56.1%)
– Typical home value: $1,195,633 (49 most expensive metro city)

7 / 30 Stacker

#24. Irvine, California

– Price variation over 1 year: +$297,720 (+30.1%)
– Price variation over 5 years: +$424,477 (+49.2%)
– Typical home value: $1,287,121 (39 most expensive metro city)

8 / 30 Stacker

#23. Los Alamitos, California

– Price change over 1 year: +$298,508 (+25.0%)
– Price change over 5 years: +$554,507 (+59.2%)
– Typical home value: $1,490,572 (28th most expensive metro city)

9 / 30 Stacker

#22. San Marino, California

– Price change over 1 year: +$303,537 (+12.6%)
– Price variation over 5 years: +$1,166,754 (+75.4%)
– Typical home value: $2,714,760 (#10 most expensive metro city)

10 / 30 Stacker

#21. Ladera Ranch, California

– Price change over 1 year: +$314,760 (+33.7%)
– Price variation over 5 years: +$462,873 (+58.9%)
– Typical home value: $1,248,147 (45 most expensive metro city)

You May Also Like: Top-Rated Chinese Restaurants in Los Angeles, According to Tripadvisor

11 / 30 Stacker

#20. La Canada Flintridge, CA

– Price change over 1 year: +$320,736 (+16.8%)
– Price change over 5 years: +$577,560 (+35.0%)
– Typical home value: $2,226,399 (13th most expensive metro city)

12 / 30 Stacker

#19. Laguna Niguel, California

– Price change over 1 year: +$329,731 (+33.0%)
– Price change over 5 years: +$488,163 (+58.1%)
– Typical home value: $1,328,323 (35 most expensive metro city)

13 / 30 Stacker

#18. Calabasas, California

– Price change over 1 year: +$336,075 (+23.8%)
– Price variation over 5 years: +$571,735 (+48.5%)
– Typical home value: $1,750,315 (22nd most expensive metro city)

14 / 30 Stacker

#17. Beverly Hills, California

– Price change over 1 year: +$341,782 (+9.3%)
– Price variation over 5 years: +$690,008 (+20.6%)
– Typical home value: $4,034,710 (5th most expensive metro city)

15 / 30 Stacker

#16. North Tustin, California

– Price change over 1 year: +$350,730 (+28.7%)
– Price change over 5 years: +$581,524 (+58.7%)
– Typical home value: $1,572,994 (26th most expensive metro city)

You May Also Like: Top-Rated Steakhouses in Los Angeles, According to Tripadvisor

16 / 30 Stacker

#15. Rancho Palos Verdes, California

– Price change over 1 year: +$352,469 (+23.0%)
– Price change over 5 years: +$600,267 (+46.8%)
– Typical home value: $1,882,487 (17th most expensive metro city)

17 / 30 Stacker

#14. Manhattan Beach, California

– Price change over 1 year: +$355,725 (+12.8%)
– Price variation over 5 years: +$933,005 (+42.5%)
– Typical home value: $3,128,828 (8th most expensive metro city)

18 / 30 Stacker

#13. Dana Point, California

– Price change over 1 year: +$370,915 (+31.4%)
– Price change over 5 years: +$568,644 (+57.8%)
– Typical home value: $1,551,986 (27 most expensive metro city)https://062569cd2002df2b0877c3faed4dd72b.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

19 / 30 Stacker

#12. Coto de Caza, California

– Price variation over 1 year: +$410,734 (+31.9%)
– Price change over 5 years: +$605,030 (+55.3%)
– Typical home value: $1,698,618 (23rd most expensive metro city)

20 / 30 Stacker

#11. San Clemente, California

– Price change over 1 year: +$421,129 (+34.8%)
– Price variation over 5 years: +$645,988 (+65.6%)
– Typical home value: $1,630,691 (24 most expensive metro city)

You May Also Like: How Gas Prices Changed in Los Angeles Last Week

21 / 30 Stacker

#ten. Palos Verdes Estates, California

– Price variation over 1 year: +$426,449 (+18.0%)
– Price change over 5 years: +$695,091 (+33.0%)
– Typical home value: $2,801,625 (9th most expensive metro city)

22 / 30 Stacker

#9. Rolling Hills Estates, California

– Price change over 1 year: +$428,966 (+26.5%)
– Price change over 5 years: +$652,770 (+46.7%)
– Typical home value: $2,050,024 (14th most expensive metro city)

23 / 30 Stacker

#8. Villa Park, California

– Price change over 1 year: +$473,308 (+30.5%)
– Price variation over 5 years: +$734,790 (+56.9%)
– Typical home value: $2,025,845 (15th most expensive metro city)

24 / 30 Stacker

#7. Palos Verdes Peninsula, California

– Price variation over 1 year: +$571,624 (+29.7%)
– Price change over 5 years: +$878,480 (+54.4%)
– Typical home value: $2,493,218 (11 most expensive metro city)https://062569cd2002df2b0877c3faed4dd72b.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

25 / 30 Stacker

#6. Rolling Hills, California

– Price variation over 1 year: +$581,453 (+16.7%)
– Price variation over 5 years: +$915,468 (+29.1%)
– Typical home value: $4,057,437 (4th most expensive metro city)

You might also like: Highest Paying Jobs in Los Angeles That Don’t Require a College Degree

26 / 30 Stacker

#5. Malibu, California

– Price change over 1 year: +$586,200 (+16.5%)
– Price variation over 5 years: +$744,697 (+22.0%)
– Typical home value: $4,136,553 (2nd most expensive metro city)

27 / 30 Stacker

#4. Laguna Beach, California

– Price variation over 1 year: +$641,649 (+25.3%)
– Price change over 5 years: +$931,967 (+41.4%)
– Typical home value: $3,181,236 (7th most expensive metro city)

28 / 30 Stacker

#3. Hidden Hills, California

– Price change over 1 year: +$648,297 (+17.1%)
– Price variation over 5 years: +$1,085,675 (+32.3%)
– Typical home value: $4,445,093 (#1 most expensive metro city)

29 / 30 Stacker

#2. Newport Beach, California

– Price change over 1 year: +$716,667 (+27.7%)
– Price variation over 5 years: +$1,049,688 (+46.6%)
– Typical home value: $3,300,702 (6th most expensive metro city)

30 / 30 Stacker

#1. Newport Coast, California

– Price change over 1 year: +$892,556 (+27.6%)
– Price variation over 5 years: +$1,251,257 (+43.6%)
– Typical home value: $4,123,502 (3rd most expensive metro city)

You Might Also Like: Top-Rated Pizza Places in Los Angeles, According to Tripadvisor

Share.

Comments are closed.