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 a population of 7,679, 1,806 total housing units (homes and apartments), and a median house value of $409,503, Earlimart real estate values are some of the lowest in California, although compared to real estate around the nation, Earlimart homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Earlimart, accounting for 82.14% of the town's housing units. Other types of housing that are prevalent in Earlimart include mobile homes or trailers ( 5.85%), large apartment complexes or high rise apartments ( 5.02%), and a few row houses and other attached homes ( 3.78%).
The most prevalent building size and type in Earlimart are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.07% owning and 40.93% renting.
There is a lot of housing in Earlimart 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 Earlimart built between 2000 and later ( 25.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.44%). There's also some housing in Earlimart built before 1939 ( 4.40%).
In the last 10 years, Earlimart has experienced some of the highest home appreciation rates of any community in the nation. Earlimart real estate appreciated 127.74% over the last ten years, which is an average annual home appreciation rate of 8.58%, putting Earlimart in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Earlimart 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 Earlimart that despite a nationwide downturn in the housing market, Earlimart real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Earlimart appreciation rates continue to be some of the highest in America, at 6.43%, which is higher than appreciation rates in 83.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Earlimart. Earlimart appreciation rates in the latest quarter were at 2.86%, which equates to an annual appreciation rate of 11.94%.
Importantly, this makes Earlimart one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Earlimart's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$409,503
$1,581 / per month