South Gate, CA Real Estate Market
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
South Gate, CA Housing Market Trends
With 90,926 people, 23,920 houses or apartments, and a median cost of homes of $780,092, real estate costs in South Gate 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 South Gate, accounting for 54.03% of the city's housing units. Other types of housing that are prevalent in South Gate include duplexes, homes converted to apartments or other small apartment buildings ( 18.40%), large apartment complexes or high rise apartments ( 17.62%), and a few row houses and other attached homes ( 8.35%).
People in South Gate primarily live in small (one, two or no bedroom) single-family detached homes. South Gate has a mixture of owner-occupied and renter-occupied housing.
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. South Gate's housing was primarily built during this period, from the '40s through the '60s. A full 51.94% of the city's housing hails from this era. Other housing ages represented in South Gate include homes built before 1939 ( 21.50%) and housing constructed between 1970-1999 ( 21.01%). There's also some housing in South Gate built between 2000 and later ( 5.56%).
South Gate Home Appreciation Rates
Appreciation rates for homes in South Gate have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.21%, which ranks in the top 30% nationwide. This equates to an annual average South Gate house appreciation rate of 7.81%.
Appreciation rates are so strong in South Gate that despite a nationwide downturn in the housing market, South Gate real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Gate appreciation rates continue to be some of the highest in America, at 8.73%, which is higher than appreciation rates in 78.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Gate. South Gate 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 South Gate's latest annual appreciation rate is higher than 70% 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 South Gate differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Gate - 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 South Gate real estate investment or home purchase decisions.
Median Home Value
$780,092
Average
for California
Very High
for nation
Number of Homes And Apartments:
23,920
CA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$2,408 / per month