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 13,859, 4,927 total housing units (homes and apartments), and a median house value of $513,743, Phelan real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Phelan, accounting for 73.70% of the town's housing units. Other types of housing that are prevalent in Phelan include mobile homes or trailers ( 25.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Phelan. Owner-occupied housing accounts for 75.60% of Phelan's homes, and 78.67% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Phelan 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 Phelan built between 2000 and later ( 30.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.68%). There's also some housing in Phelan built before 1939 ( 1.85%).
In the last 10 years, Phelan has experienced some of the highest home appreciation rates of any community in the nation. Phelan real estate appreciated 151.88% over the last ten years, which is an average annual home appreciation rate of 9.68%, putting Phelan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Phelan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Phelan's appreciation rate, at 7.43%, has been at or slightly above the national average. In the latest quarter, Phelan's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Phelan's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
$513,743
for California
for nation
4,927
$2,350 / per month