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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rancho Palos Verdes, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rancho Palos Verdes, CA Housing Market Trends

With 40,527 people, 15,351 houses or apartments, and a median cost of homes of $2,051,835, Rancho Palos Verdes house prices are not only among the most expensive in California, Rancho Palos Verdes real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Rancho Palos Verdes, accounting for 75.66% of the city's housing units. Other types of housing that are prevalent in Rancho Palos Verdes include large apartment complexes or high rise apartments ( 15.63%), row houses and other attached homes ( 6.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rancho Palos Verdes. Owner-occupied housing accounts for 78.74% of Rancho Palos Verdes's homes, and 66.68% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rancho Palos Verdes's housing was primarily built during this period, from the '40s through the '60s. A full 62.30% of the city's housing hails from this era. Other housing ages represented in Rancho Palos Verdes include homes built between 1970-1999 ( 32.24%) and housing constructed between 2000 and later ( 3.86%). There's also some housing in Rancho Palos Verdes built before 1939 ( 1.60%).

Rancho Palos Verdes Home Appreciation Rates

Rancho Palos Verdes's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rancho Palos Verdes during the period has been just 4.85%, which is lower than 80% of US communities.

Appreciation rates are so strong in Rancho Palos Verdes that despite a nationwide downturn in the housing market, Rancho Palos Verdes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rancho Palos Verdes appreciation rates continue to be some of the highest in America, at 12.33%, which is higher than appreciation rates in 94.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rancho Palos Verdes. Rancho Palos Verdes appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.62%.

Relative to California, our data show that Rancho Palos Verdes's latest annual appreciation rate is higher than 90% 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 Rancho Palos Verdes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Palos Verdes - 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 Rancho Palos Verdes real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$2,051,835

Rancho Palos Verdes, CA Home Prices
> $1,335,000
$1,002,001 - $1,335,000
$668,001 - $1,002,000
$534,001 - $668,000
$401,001 - $534,000
$267,001 - $401,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
81.2%
81.2%
8.3%
8.3%
7.0%
7.0%
0.9%
0.9%
0.4%
0.4%
0.2%
0.2%
0.8%
0.8%
0.2%
0.2%
1.1%
1.1%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

15,351

Rancho Palos Verdes Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,789 / per month

Homeownership Rate

Owners
Renters
78.7%
78.7%
21.3%
21.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.9%
3.9%
32.2%
32.2%
62.3%
62.3%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.7%
75.7%
6.8%
6.8%
1.9%
1.9%
15.6%
15.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
5.1%
5.1%
15.0%
15.0%
30.7%
30.7%
36.0%
36.0%
12.5%
12.5%
0% 100.0%
% of Homes