Rancho Palos Verdes, CA is one of the most affluent cities in the United States. The median value for housing in this area is an incredible $1,662,300, which is almost 5x higher than the US House Median Value of $338,100. This high value also comes with a greater appreciation on their homes compared to the US 1 year House Appreciation of 8.27%. In Rancho Palos Verdes CA homes appreciate at 12.08%, significantly higher than the national average. Evidently this city offers its residents incredible housing value and potential for increasing wealth in their properties.
The median home cost in Rancho Palos Verdes is $1,662,300. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Rancho Palos Verdes is up 16.0%.
Average Age of Homes
- The median age of Rancho Palos Verdes real estate is 51 years old
The Rental Market in Rancho Palos Verdes
- Renters make up 19.4% of the Rancho Palos Verdes population
- 1.0% of houses and apartments in Rancho Palos Verdes, 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.