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 37,214, 10,790 total housing units (homes and apartments), and a median house value of $712,505, real estate costs in Wildomar 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 Wildomar, accounting for 69.24% of the city's housing units. Other types of housing that are prevalent in Wildomar include mobile homes or trailers ( 21.49%), large apartment complexes or high rise apartments ( 8.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wildomar. Owner-occupied housing accounts for 74.91% of Wildomar's homes, and 65.12% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Wildomar 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 Wildomar built between 2000 and later ( 43.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.55%).
In the last 10 years, Wildomar has experienced some of the highest home appreciation rates of any community in the nation. Wildomar real estate appreciated 124.17% over the last ten years, which is an average annual home appreciation rate of 8.41%, putting Wildomar in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wildomar 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, Wildomar's appreciation rate, at 7.76%, has been at or slightly above the national average. In the latest quarter, Wildomar's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Wildomar's latest annual appreciation rate is higher than 70% 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 Wildomar differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wildomar - 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 Wildomar real estate investment or home purchase decisions.
$712,505
for California
for nation
10,790
$2,956 / per month