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 25,129 people, 9,138 houses or apartments, and a median cost of homes of $721,486, real estate costs in Loma Linda 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 Loma Linda, accounting for 45.75% of the city's housing units. Other types of housing that are prevalent in Loma Linda include large apartment complexes or high rise apartments ( 36.07%), duplexes, homes converted to apartments or other small apartment buildings ( 8.70%), and a few row houses and other attached homes ( 4.89%).
People in Loma Linda primarily live in small (one, two or no bedroom) single-family detached homes. Loma Linda has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Loma Linda 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 Loma Linda built between 2000 and later ( 20.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.75%). There's also some housing in Loma Linda built before 1939 ( 4.96%).
Vacant housing appears to be an issue in Loma Linda. Fully 10.33% of the housing stock is classified as vacant. Left unchecked, vacant Loma Linda homes and apartments can be a drag on the real estate market, holding Loma Linda 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.
Appreciation rates for homes in Loma Linda have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.72%, which ranks in the top 30% nationwide. This equates to an annual average Loma Linda house appreciation rate of 7.89%.
Appreciation rates are so strong in Loma Linda that despite a nationwide downturn in the housing market, Loma Linda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Loma Linda appreciation rates continue to be some of the highest in America, at 8.57%, which is higher than appreciation rates in 76.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Loma Linda. Loma Linda 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 Loma Linda'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 Loma Linda differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Loma Linda - 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 Loma Linda real estate investment or home purchase decisions.
$721,486
for California
for nation
9,138
$3,102 / per month