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 12,738 people, 5,261 houses or apartments, and a median cost of homes of $524,497, Big Bear City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Big Bear City, accounting for 93.39% of the town's housing units. Other types of housing that are prevalent in Big Bear City include mobile homes or trailers ( 3.55%), duplexes, homes converted to apartments or other small apartment buildings ( 1.39%).
Dwellings in Big Bear City tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.79% of the homes in Big Bear City have two or fewer bedrooms.
There is a lot of housing in Big Bear City 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 Big Bear City built between 1940-1969 ( 21.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.69%). There's also some housing in Big Bear City built before 1939 ( 2.82%).
A decent proportion of the Big Bear City housing stock is seasonally occupied. That is, homes and condos in Big Bear City are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Big Bear City housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Big Bear City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.30%, which ranks in the top 30% nationwide. This equates to an annual average Big Bear City house appreciation rate of 7.56%.
Over the last year, Big Bear City appreciation rates have trailed the rest of the nation. In the last twelve months, Big Bear City's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Big Bear City were at 0.47%, which equates to an annual appreciation rate of 1.89%.
Relative to California, our data show that Big Bear City'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 town. Individual neighborhoods within Big Bear City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Big Bear City - 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 Big Bear City real estate investment or home purchase decisions.
$524,497
for California
for nation
5,261
$2,872 / per month