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 18,439, 5,700 total housing units (homes and apartments), and a median house value of $766,429, real estate costs in Santa Fe Springs are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Santa Fe Springs, accounting for 62.06% of the city's housing units. Other types of housing that are prevalent in Santa Fe Springs include large apartment complexes or high rise apartments ( 25.97%), row houses and other attached homes ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.51%).
The most prevalent building size and type in Santa Fe Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.51% owning and 38.49% renting.
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. Santa Fe Springs's housing was primarily built during this period, from the '40s through the '60s. A full 62.11% of the city's housing hails from this era. Other housing ages represented in Santa Fe Springs include homes built between 1970-1999 ( 22.80%) and housing constructed between 2000 and later ( 13.60%). There's also some housing in Santa Fe Springs built before 1939 ( 1.49%).
Appreciation rates for homes in Santa Fe Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.26%, which ranks in the top 30% nationwide. This equates to an annual average Santa Fe Springs house appreciation rate of 7.61%.
Over the last year, Santa Fe Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Santa Fe Springs's appreciation rate has been 5.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Santa Fe Springs were at 2.86%, which equates to an annual appreciation rate of 11.94%.
Relative to California, our data show that Santa Fe Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$766,429
for California
for nation
5,700
$3,185 / per month