La Palma, CA has a median housing price of $969,400 which is significantly higher than the US median of $338,100. This is also reflected in the rate of appreciation for homes in La Palma, with a one year appreciation rate of 9.16%, slightly higher than the national average of 8.27%. This indicates that housing prices in La Palma are steadily increasing and may continue to rise in the future. As such, this is an attractive market for those looking to invest in real estate or purchase a home.
The median home cost in La Palma is $969,400. Home appreciation the last 10 years has been 124.3%. Home Appreciation in La Palma is up 12.8%.
Average Age of Homes
- The median age of La Palma real estate is 46 years old
The Rental Market in La Palma
- Renters make up 27.8% of the La Palma population
- 1.0% of houses and apartments in La Palma, 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.