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 5,031 people, 2,171 houses or apartments, and a median cost of homes of $695,163, real estate costs in Big Bear Lake 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 Big Bear Lake, accounting for 84.02% of the city's housing units. Other types of housing that are prevalent in Big Bear Lake include large apartment complexes or high rise apartments ( 5.62%), row houses and other attached homes ( 4.35%), and a few mobile homes or trailers ( 3.30%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Big Bear Lake. Owner-occupied housing accounts for 65.03% of Big Bear Lake's homes, and 51.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Big Bear Lake 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 Big Bear Lake built between 1940-1969 ( 29.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.34%). There's also some housing in Big Bear Lake built before 1939 ( 5.88%).
A decent proportion of the Big Bear Lake housing stock is seasonally occupied. That is, homes and condos in Big Bear Lake 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 Big Bear Lake housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Big Bear Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.48%, which ranks in the top 30% nationwide. This equates to an annual average Big Bear Lake house appreciation rate of 7.42%.
NeighborhoodScout's data show that during the latest twelve months, Big Bear Lake's appreciation rate, at 5.90%, has been at or slightly above the national average. In the latest quarter, Big Bear Lake's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Big Bear Lake's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
$695,163
for California
for nation
2,171
$2,136 / per month