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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Running Springs, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Running Springs, CA Housing Market Trends

With 5,268 people, 1,812 houses or apartments, and a median cost of homes of $491,196, Running Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Running Springs, accounting for 95.90% of the town's housing units. Other types of housing that are prevalent in Running Springs include row houses and other attached homes ( 3.45%).

Dwellings in Running Springs tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.13% of the homes in Running Springs have two or fewer bedrooms.

There is a lot of housing in Running Springs 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 Running Springs built between 1940-1969 ( 41.72%). A lesser amount of the housing stock also hails from before 1939 ( 4.63%). There's also some housing in Running Springs built between 2000 and later ( 3.54%).

A decent proportion of the Running Springs housing stock is seasonally occupied. That is, homes and condos in Running Springs are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Running Springs housing market speaks to its popularity as a vacation location of choice.

Running Springs Home Appreciation Rates

Appreciation rates for homes in Running Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.53%, which ranks in the top 30% nationwide. This equates to an annual average Running Springs house appreciation rate of 7.68%.

NeighborhoodScout's data show that during the latest twelve months, Running Springs's appreciation rate, at 6.10%, has been at or slightly above the national average. In the latest quarter, Running Springs's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.

Relative to California, our data show that Running Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

Median Home Value

$491,196

Running Springs, CA Home Prices
> $1,315,000
$986,001 - $1,315,000
$658,001 - $986,000
$526,001 - $658,000
$395,001 - $526,000
$263,001 - $395,000
$132,001 - $263,000
$65,001 - $132,000
$0 - $65,000
0.0%
0.0%
4.7%
4.7%
12.2%
12.2%
18.0%
18.0%
29.7%
29.7%
27.6%
27.6%
5.5%
5.5%
1.1%
1.1%
1.0%
1.0%
0% 100.0%
% of Homes
Low

for California

Very High

for nation

Number of Homes And Apartments:

1,812

Running Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,928 / per month

Homeownership Rate

Owners
Renters
82.1%
82.1%
17.9%
17.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
49.2%
49.2%
50.8%
50.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.5%
3.5%
50.1%
50.1%
41.7%
41.7%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
95.9%
95.9%
3.5%
3.5%
0.6%
0.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
8.2%
8.2%
40.6%
40.6%
33.7%
33.7%
13.4%
13.4%
3.8%
3.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Running Springs

Zip Codes in Running Springs, CA