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 4,860, 2,581 total housing units (homes and apartments), and a median house value of $1,024,752, real estate costs in Indian Wells are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Indian Wells, accounting for 61.43% of the city's housing units. Other types of housing that are prevalent in Indian Wells include row houses and other attached homes ( 23.20%), large apartment complexes or high rise apartments ( 8.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indian Wells. Owner-occupied housing accounts for 77.72% of Indian Wells's homes, and 69.07% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Indian Wells 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 Indian Wells built between 2000 and later ( 26.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.53%).
A decent proportion of the Indian Wells housing stock is seasonally occupied. That is, homes and condos in Indian Wells are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Indian Wells housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Indian Wells have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.35%, which ranks in the top 30% nationwide. This equates to an annual average Indian Wells house appreciation rate of 7.77%.
NeighborhoodScout's data show that during the latest twelve months, Indian Wells's appreciation rate, at 5.74%, has been at or slightly above the national average. In the latest quarter, Indian Wells's appreciation rate has been 2.37%, which annualizes to a rate of 9.83%.
Relative to California, our data show that Indian Wells's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$1,024,752
for California
for nation
2,581
$3,130 / per month