The housing market in Topanga, CA is rapidly growing. The median value of a house in the area is $1,613,400, which is significantly higher than the US median value of $338,100. This shows that the real estate in Topanga is highly sought after and desirable. The US saw a house appreciation rate of 8.27% over 1 year whereas Topanga had a much higher appreciation of 11.59%. This further indicates that people are investing heavily in this region with more and more individuals looking to buy or rent properties here.
The median home cost in Topanga is $1,613,400. Home appreciation the last 10 years has been 120.7%. Home Appreciation in Topanga is up 15.8%.
Average Age of Homes
- The median age of Topanga real estate is 50 years old
The Rental Market in Topanga
- Renters make up 14.7% of the Topanga population
- 0.7% of houses and apartments in Topanga, 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.