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 90,926, 23,920 total housing units (homes and apartments), and a median house value of $765,324, real estate costs in South Gate 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 South Gate, accounting for 54.03% of the city's housing units. Other types of housing that are prevalent in South Gate include duplexes, homes converted to apartments or other small apartment buildings ( 18.40%), large apartment complexes or high rise apartments ( 17.62%), and a few row houses and other attached homes ( 8.35%).
People in South Gate primarily live in small (one, two or no bedroom) single-family detached homes. South Gate has a mixture of owner-occupied and renter-occupied housing.
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. South Gate's housing was primarily built during this period, from the '40s through the '60s. A full 51.94% of the city's housing hails from this era. Other housing ages represented in South Gate include homes built before 1939 ( 21.50%) and housing constructed between 1970-1999 ( 21.01%). There's also some housing in South Gate built between 2000 and later ( 5.56%).
In the last 10 years, South Gate has experienced some of the highest home appreciation rates of any community in the nation. South Gate real estate appreciated 121.25% over the last ten years, which is an average annual home appreciation rate of 8.27%, putting South Gate in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Gate definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, South Gate's appreciation rate, at 10.17%, has been at or slightly above the national average. In the latest quarter, South Gate's appreciation rate has been 3.86%, which annualizes to a rate of 16.34%.
Relative to California, our data show that South Gate'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 South Gate differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Gate - 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 South Gate real estate investment or home purchase decisions.
$765,324
for California
for nation
23,920
$2,351 / per month