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 42,835 people, 13,942 houses or apartments, and a median cost of homes of $488,531, Coachella real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Coachella, accounting for 72.06% of the city's housing units. Other types of housing that are prevalent in Coachella include large apartment complexes or high rise apartments ( 14.07%), duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), and a few mobile homes or trailers ( 3.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coachella. Owner-occupied housing accounts for 67.92% of Coachella's homes, and 69.23% have either three or four bedrooms, which is average sized relative to America.
Coachella homes and real estate are some of the newest in America. 47.62% of Coachella's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Coachella real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.21%), and between 1940-1969 ( 15.54%).
In the last 10 years, Coachella has experienced some of the highest home appreciation rates of any community in the nation. Coachella real estate appreciated 175.52% over the last ten years, which is an average annual home appreciation rate of 10.67%, putting Coachella in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coachella 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 Coachella that despite a nationwide downturn in the housing market, Coachella real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coachella appreciation rates continue to be some of the highest in America, at 10.15%, which is higher than appreciation rates in 88.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coachella. Coachella appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.83%.
Relative to California, our data show that Coachella's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coachella differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coachella - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coachella real estate investment or home purchase decisions.
$488,531
for California
for nation
13,942
$1,729 / per month