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 2,342, 772 total housing units (homes and apartments), and a median house value of $128,182, house prices in Edwards are some of the most affordable in California as well as the nation.
Single-family detached homes are the single most common housing type in Edwards, accounting for 61.80% of the town's housing units. Other types of housing that are prevalent in Edwards include row houses and other attached homes ( 34.32%), duplexes, homes converted to apartments or other small apartment buildings ( 3.88%).
Renters dominate Edwards's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Edwards 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 Edwards built between 2000 and later ( 46.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.82%).
Vacant housing appears to be an issue in Edwards. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Edwards homes and apartments can be a drag on the real estate market, holding Edwards real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Edwards has experienced some of the highest home appreciation rates of any community in the nation. Edwards real estate appreciated 131.66% over the last ten years, which is an average annual home appreciation rate of 8.76%, putting Edwards in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edwards definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Edwards that despite a nationwide downturn in the housing market, Edwards real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edwards appreciation rates continue to be some of the highest in America, at 15.02%, which is higher than appreciation rates in 87.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edwards. Edwards appreciation rates in the latest quarter were at 11.42%, which equates to an annual appreciation rate of 54.09%.
Importantly, this makes Edwards one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Edwards's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$128,182
$3,159 / per month