The housing market in South Gate, CA is booming. The median value of houses in this area is currently $631,200 while the median value of houses nationwide is only $338,100. What's more, the annual appreciation rate for homes in South Gate is 12.08%, much higher than the national rate of 8.27%. This indicates that South Gate is a great place to invest in real estate and it also suggests that there is an increasing demand for housing in this city.
The median home cost in South Gate is $631,200. Home appreciation the last 10 years has been 119.9%. Home Appreciation in South Gate is up 16.0%.
Average Age of Homes
- The median age of South Gate real estate is 66 years old
The Rental Market in South Gate
- Renters make up 51.1% of the South Gate population
- 0.6% of houses and apartments in South Gate, 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.