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 11,381, 4,563 total housing units (homes and apartments), and a median house value of $877,686, real estate costs in Signal Hill 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.
Large apartment complexes or high rise apartments are the single most common housing type in Signal Hill, accounting for 43.04% of the city's housing units. Other types of housing that are prevalent in Signal Hill include single-family detached homes ( 37.04%), duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), and a few row houses and other attached homes ( 9.35%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Signal Hill primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Signal Hill has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Signal Hill 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 Signal Hill built between 2000 and later ( 19.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.19%). There's also some housing in Signal Hill built before 1939 ( 6.53%).
Appreciation rates for homes in Signal Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.67%, which ranks in the top 40% nationwide. This equates to an annual average Signal Hill house appreciation rate of 7.21%.
NeighborhoodScout's data show that during the latest twelve months, Signal Hill's appreciation rate, at 7.62%, has been at or slightly above the national average. In the latest quarter, Signal Hill's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
Relative to California, our data show that Signal Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
$877,686
for California
for nation
4,563
$3,031 / per month