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 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.
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.
$491,196
for California
for nation
1,812
$1,928 / per month