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 4,858, 2,016 total housing units (homes and apartments), and a median house value of $218,235, house prices in Needles are solidly below the national average.
Single-family detached homes are the single most common housing type in Needles, accounting for 63.06% of the city's housing units. Other types of housing that are prevalent in Needles include mobile homes or trailers ( 16.55%), large apartment complexes or high rise apartments ( 12.53%), and a few row houses and other attached homes ( 4.89%).
The most prevalent building size and type in Needles are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.64% owning and 42.36% renting.
There is a lot of housing in Needles 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 Needles built between 1940-1969 ( 21.62%). A lesser amount of the housing stock also hails from before 1939 ( 17.39%). There's also some housing in Needles built between 2000 and later ( 11.66%).
Vacant housing appears to be an issue in Needles. Fully 26.98% of the housing stock is classified as vacant. Left unchecked, vacant Needles homes and apartments can be a drag on the real estate market, holding Needles real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Needles has experienced some of the highest home appreciation rates of any community in the nation. Needles real estate appreciated 165.98% over the last ten years, which is an average annual home appreciation rate of 10.28%, putting Needles in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Needles definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Needles appreciation rates have trailed the rest of the nation. In the last twelve months, Needles's appreciation rate has been 1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Needles were at -0.10%, which equates to an annual appreciation rate of -0.40%.
Relative to California, our data show that Needles's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
$218,235
for California
for nation
2,016
$1,258 / per month