The housing market in Running Springs, CA is particularly strong. The median value of homes in this area is $378,100, considerably higher than the median US house value of $338,100. In addition, over the past year home prices have appreciated by 10.27%, much higher than the 8.27% appreciation rate seen across the rest of the US. This indicates that Running Springs, CA is a desirable place to live and invest in real estate, where you can receive a higher return on your investment.
The median home cost in Running Springs is $378,100. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Running Springs is up 16.6%.
Average Age of Homes
- The median age of Running Springs real estate is 46 years old
The Rental Market in Running Springs
- Renters make up 13.8% of the Running Springs population
- 0.9% of houses and apartments in Running Springs, 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.