La Verne is a small city located about a 40-minute drive away from Los Angeles, California. In this city, you can expect to find housing expenses that are 131% higher than the national average. In fact, utility prices are 8% higher, and transportation expenses are 31% higher than the national average.
As of the recent census, La Verna, California has a population of 32,206 with 11,236 total housing units consisting of both houses and apartments. La Verne is considered neither blue-collar nor white-collar.
The workforce is mixed, so you can find affordable housing no matter what your budget. Overall,, La Verne is a city of professionals, sales, and office workers, more.
The median house value is a whopping $561,870. In fact, real estate costs in this small city are some of the highest in the United States. However, pricing here is still much more affordable than those in the most expensive cities in California.
The most common housing type in La Verne is single-family detached homes. In fact, they make up over 65% of the city’s housing units. Other types of housing you can find in the city are mobile homes and trailers, large apartment complexes and high-rises, and some duplexes.
Many of the houses in La Verne were built in the 1970s to the 1999s, so lots of them have the popular ‘70s and early ‘80s appearance, like the homes in The Brady Bunch. Many of the houses were built in the ’90s as well, though. There are also plenty of homes in the community built before the ‘70s. You can also find homes built after 2000.
Within the last decade, La Verne has had increasingly high home appreciation rates. The real estate appreciated 53% total, which means that the average annual home appreciation rate was 4.43%. This means that buying a home in La Verne is a great ideal for a long-term real estate investment.
While appreciation rates for the city are important to keep in mind, individual neighborhoods in the community will differ when it comes to investment potential.
When it comes to selling their homes in La Verne, residents can expect at least one offer. Homes may also sell below list price and go pending in around 52 days. If your home is desired by more than a few buyers, you can expect to sell for about 1% above the list price.
As of last month, the average home price in La Verne was $625,000, selling at around $383/sq ft. Most buyers put down a downpayment of over 20%.
Real estate plumbing inspection for residential and commercial properties is very important.
Thanks to the plumbers in La Verne, CA for reliable plumbing and sanitation services. Local plumbers specialize in maintenance and repairs of the household plumbing and drainage systems so that home and property owners never have to worry.