Lake Forest, CA is an affluent city with a high median housing value of $937,500. This is well over the national median house value of $338,100. In the last year alone, the appreciation rate for houses in Lake Forest was 14.67%, significantly higher than the national average of 8.27%. It's clear that people who have invested in housing in Lake Forest have seen a great return on their investments in recent years and continue to enjoy strong market prices compared to most other places in the United States.
The median home cost in Lake Forest is $937,500. Home appreciation the last 10 years has been 109.2%. Home Appreciation in Lake Forest is up 22.3%.
Average Age of Homes
- The median age of Lake Forest real estate is 35 years old
The Rental Market in Lake Forest
- Renters make up 28.7% of the Lake Forest population
- 1.1% of houses and apartments in Lake Forest, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.