Downey, CA has an extremely high median value for housing at $745,600. This is more than double the median value of house prices in the United States, which is $338,100. In addition to the high housing value in Downey, CA, it also experiences a higher rate of appreciation than the national average. Over the past year, house prices in Downey have appreciated by 12.08%, compared to 8.27% across the United States. This makes Downey an ideal place to live and invest in real estate as home values are expected to increase even further over time.
The median home cost in Downey is $745,600. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Downey is up 16.0%.
Average Age of Homes
- The median age of Downey real estate is 59 years old
The Rental Market in Downey
- Renters make up 47.6% of the Downey population
- 1.1% of houses and apartments in Downey, 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.