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 a population of 22,583, 10,618 total housing units (homes and apartments), and a median house value of $3,022,516, Laguna Beach house prices are not only among the most expensive in California, Laguna Beach real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Laguna Beach, accounting for 69.16% of the city's housing units. Other types of housing that are prevalent in Laguna Beach include large apartment complexes or high rise apartments ( 12.78%), duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), and a few row houses and other attached homes ( 6.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Laguna Beach. Owner-occupied housing accounts for 66.98% of Laguna Beach's homes, and 51.28% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Laguna Beach's housing was primarily built during this period, from the '40s through the '60s. A full 44.56% of the city's housing hails from this era. Other housing ages represented in Laguna Beach include homes built between 1970-1999 ( 30.18%) and housing constructed before 1939 ( 16.74%). There's also some housing in Laguna Beach built between 2000 and later ( 8.52%).
Vacant housing appears to be an issue in Laguna Beach. Fully 22.75% of the housing stock is classified as vacant. Left unchecked, vacant Laguna Beach homes and apartments can be a drag on the real estate market, holding Laguna Beach 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 Laguna Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.45%, which ranks in the top 30% nationwide. This equates to an annual average Laguna Beach house appreciation rate of 7.78%.
NeighborhoodScout's data show that during the latest twelve months, Laguna Beach's appreciation rate, at 7.49%, has been at or slightly above the national average. In the latest quarter, Laguna Beach's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
Relative to California, our data show that Laguna Beach'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 Laguna Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laguna Beach - 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 Laguna Beach real estate investment or home purchase decisions.
$3,022,516
for California
for nation
10,618
$4,116 / per month