Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 19,611 people, 4,475 houses or apartments, and a median cost of homes of $259,859, Arvin real estate values are some of the lowest in California, although compared to real estate around the nation, Arvin homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Arvin, accounting for 76.13% of the city's housing units. Other types of housing that are prevalent in Arvin include large apartment complexes or high rise apartments ( 11.15%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few mobile homes or trailers ( 3.63%).
The most prevalent building size and type in Arvin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.22% owning and 46.78% renting.
There is a lot of housing in Arvin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Arvin built between 2000 and later ( 34.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.37%). There's also some housing in Arvin built before 1939 ( 2.80%).
In the last 10 years, Arvin has experienced some of the highest home appreciation rates of any community in the nation. Arvin real estate appreciated 119.70% over the last ten years, which is an average annual home appreciation rate of 8.19%, putting Arvin in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arvin definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Arvin that despite a nationwide downturn in the housing market, Arvin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arvin appreciation rates continue to be some of the highest in America, at 14.82%, which is higher than appreciation rates in 86.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arvin. Arvin appreciation rates in the latest quarter were at 9.22%, which equates to an annual appreciation rate of 42.32%.
Importantly, this makes Arvin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Arvin's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$259,859
for California
for nation
4,475
$1,552 / per month