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 18,683 people, 5,716 houses or apartments, and a median cost of homes of $856,079, 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 58.19% 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 ( 29.56%), row houses and other attached homes ( 8.96%), and a few mobile homes or trailers ( 2.09%).
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 59.51% owning and 40.49% 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 59.46% of the city's housing hails from this era. Other housing ages represented in Santa Fe Springs include homes built between 1970-1999 ( 23.20%) and housing constructed between 2000 and later ( 15.81%). There's also some housing in Santa Fe Springs built before 1939 ( 1.54%).
Real estate appreciation rates in Santa Fe Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.53% during the period.
Appreciation rates are so strong in Santa Fe Springs that despite a nationwide downturn in the housing market, Santa Fe Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Fe Springs appreciation rates continue to be some of the highest in America, at 5.58%, which is higher than appreciation rates in 72.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santa Fe Springs. Santa Fe Springs appreciation rates in the latest quarter were at 0.41%, which equates to an annual appreciation rate of 1.66%.
Relative to California, our data show that Santa Fe Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$856,079
for California
for nation
5,716
$3,112 / per month