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 39,081 people, 15,733 houses or apartments, and a median cost of homes of $723,761, real estate costs in La Quinta 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 La Quinta, accounting for 75.93% of the city's housing units. Other types of housing that are prevalent in La Quinta include row houses and other attached homes ( 9.69%), large apartment complexes or high rise apartments ( 6.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Quinta. Owner-occupied housing accounts for 74.62% of La Quinta's homes, and 73.29% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in La Quinta 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 La Quinta built between 2000 and later ( 46.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.98%).
Vacant housing appears to be an issue in La Quinta. Fully 36.22% of the housing stock is classified as vacant. Left unchecked, vacant La Quinta homes and apartments can be a drag on the real estate market, holding La Quinta 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, La Quinta has experienced some of the highest home appreciation rates of any community in the nation. La Quinta real estate appreciated 130.33% over the last ten years, which is an average annual home appreciation rate of 8.70%, putting La Quinta in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Quinta definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, La Quinta appreciation rates have trailed the rest of the nation. In the last twelve months, La Quinta's appreciation rate has been 6.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Quinta were at 1.46%, which equates to an annual appreciation rate of 5.98%.
Relative to California, our data show that La Quinta's latest annual appreciation rate is higher than 60% 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 La Quinta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Quinta - 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 La Quinta real estate investment or home purchase decisions.
$723,761
for California
for nation
15,733
$3,836 / per month