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 11,650 people, 3,759 houses or apartments, and a median cost of homes of $422,146, Crestline real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Crestline, accounting for 92.10% of the town's housing units. Other types of housing that are prevalent in Crestline include mobile homes or trailers ( 4.03%), row houses and other attached homes ( 2.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.31%).
Dwellings in Crestline tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.10% of the homes in Crestline have two or fewer bedrooms.
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. Crestline's housing was primarily built during this period, from the '40s through the '60s. A full 44.38% of the town's housing hails from this era. Other housing ages represented in Crestline include homes built between 1970-1999 ( 38.49%) and housing constructed before 1939 ( 14.71%). There's also some housing in Crestline built between 2000 and later ( 2.41%).
A decent proportion of the Crestline housing stock is seasonally occupied. That is, homes and condos in Crestline 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 Crestline housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Crestline has experienced some of the highest home appreciation rates of any community in the nation. Crestline real estate appreciated 122.74% over the last ten years, which is an average annual home appreciation rate of 8.34%, putting Crestline in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crestline 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, Crestline appreciation rates have trailed the rest of the nation. In the last twelve months, Crestline's appreciation rate has been 6.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crestline were at 2.78%, which equates to an annual appreciation rate of 11.61%.
Relative to California, our data show that Crestline's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$422,146
for California
for nation
3,759
$2,411 / per month