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 3,882, 1,822 total housing units (homes and apartments), and a median house value of $2,667,438, Del Mar house prices are not only among the most expensive in California, Del Mar real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Del Mar, accounting for 58.73% of the city's housing units. Other types of housing that are prevalent in Del Mar include large apartment complexes or high rise apartments ( 29.56%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.27%).
The most prevalent building size and type in Del Mar are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.27% owning and 44.73% renting.
There is a lot of housing in Del Mar 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 Del Mar built between 1940-1969 ( 36.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.63%). There's also some housing in Del Mar built before 1939 ( 11.51%).
Vacant housing appears to be an issue in Del Mar. Fully 27.41% of the housing stock is classified as vacant. Left unchecked, vacant Del Mar homes and apartments can be a drag on the real estate market, holding Del Mar real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Del Mar over the last then years, as home values have seen a decline of 0.15% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Del Mar home appreciation rates at -0.44%, which equates to an annual appreciation rate of -1.75%.
Over the last year, Del Mar appreciation rates have trailed the rest of the nation. In the last twelve months, Del Mar's appreciation rate has been 4.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Del Mar were at -0.44%, which equates to an annual appreciation rate of -1.75%.
Relative to California, our data show that Del Mar's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$2,667,438
$6,246 / per month