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 38,249 people, 9,400 houses or apartments, and a median cost of homes of $357,519, Calexico real estate values are some of the lowest in California, although compared to real estate around the nation, Calexico homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Calexico, accounting for 64.77% of the city's housing units. Other types of housing that are prevalent in Calexico include duplexes, homes converted to apartments or other small apartment buildings ( 15.67%), large apartment complexes or high rise apartments ( 14.07%), and a few row houses and other attached homes ( 2.52%).
The most prevalent building size and type in Calexico are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.50% owning and 49.50% renting.
There is a lot of housing in Calexico 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 Calexico built between 2000 and later ( 30.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.00%). There's also some housing in Calexico built before 1939 ( 2.10%).
Vacant housing appears to be an issue in Calexico. Fully 17.33% of the housing stock is classified as vacant. Left unchecked, vacant Calexico homes and apartments can be a drag on the real estate market, holding Calexico 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.
Appreciation rates for homes in Calexico have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.44%, which ranks in the top 30% nationwide. This equates to an annual average Calexico house appreciation rate of 7.41%.
NeighborhoodScout's data show that during the latest twelve months, Calexico's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Calexico's appreciation rate has been 5.41%, which annualizes to a rate of 23.46%.
Importantly, NeighborhoodScout’s exclusive research found that Calexico's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Calexico's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Calexico differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Calexico - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Calexico real estate investment or home purchase decisions.
$357,519
for California
for nation
9,400
$2,137 / per month