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 28,158 people, 9,290 houses or apartments, and a median cost of homes of $449,707, Twentynine Palms real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Twentynine Palms, accounting for 52.10% of the city's housing units. Other types of housing that are prevalent in Twentynine Palms include duplexes, homes converted to apartments or other small apartment buildings ( 19.50%), row houses and other attached homes ( 19.00%), and a few large apartment complexes or high rise apartments ( 5.80%).
Renters dominate Twentynine Palms's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Twentynine Palms 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 Twentynine Palms built between 2000 and later ( 30.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.18%). There's also some housing in Twentynine Palms built before 1939 ( 1.51%).
Vacant housing appears to be an issue in Twentynine Palms. Fully 11.13% of the housing stock is classified as vacant. Left unchecked, vacant Twentynine Palms homes and apartments can be a drag on the real estate market, holding Twentynine Palms 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.
In the last 10 years, Twentynine Palms has experienced some of the highest home appreciation rates of any community in the nation. Twentynine Palms real estate appreciated 173.56% over the last ten years, which is an average annual home appreciation rate of 10.59%, putting Twentynine Palms in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Twentynine Palms definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Twentynine Palms's appreciation rate, at 7.28%, has been at or slightly above the national average. In the latest quarter, Twentynine Palms's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Twentynine Palms's latest annual appreciation rate is higher than 60% 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 Twentynine Palms differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Twentynine Palms - 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 Twentynine Palms real estate investment or home purchase decisions.
$449,707
for California
for nation
9,290
$2,136 / per month