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 52,494 people, 18,868 houses or apartments, and a median cost of homes of $577,613, real estate costs in Cathedral City 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 Cathedral City, accounting for 57.50% of the city's housing units. Other types of housing that are prevalent in Cathedral City include large apartment complexes or high rise apartments ( 13.21%), duplexes, homes converted to apartments or other small apartment buildings ( 11.71%), and a few mobile homes or trailers ( 9.45%).
The most prevalent building size and type in Cathedral City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.65% owning and 36.35% renting.
There is a lot of housing in Cathedral City 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 Cathedral City built between 2000 and later ( 23.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.33%). There's also some housing in Cathedral City built before 1939 ( 1.01%).
Vacant housing appears to be an issue in Cathedral City. Fully 19.21% of the housing stock is classified as vacant. Left unchecked, vacant Cathedral City homes and apartments can be a drag on the real estate market, holding Cathedral City 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, Cathedral City has experienced some of the highest home appreciation rates of any community in the nation. Cathedral City real estate appreciated 138.75% over the last ten years, which is an average annual home appreciation rate of 9.09%, putting Cathedral City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cathedral City 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, Cathedral City's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Cathedral City's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Cathedral City's latest annual appreciation rate is lower than 50% 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 Cathedral City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cathedral City - 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 Cathedral City real estate investment or home purchase decisions.
$577,613
for California
for nation
18,868
$2,681 / per month