San Bernardino, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

San Bernardino, CA Housing Market Trends

With 215,784 people, 59,295 houses or apartments, and a median cost of homes of $310,074, San Bernardino real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in San Bernardino, accounting for 60.53% of the city's housing units. Other types of housing that are prevalent in San Bernardino include large apartment complexes or high rise apartments ( 21.72%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few mobile homes or trailers ( 6.58%).

The most prevalent building size and type in San Bernardino are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.01% owning and 54.99% renting.

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. San Bernardino's housing was primarily built during this period, from the '40s through the '60s. A full 42.02% of the city's housing hails from this era. Other housing ages represented in San Bernardino include homes built between 1970-1999 ( 41.58%) and housing constructed before 1939 ( 8.53%). There's also some housing in San Bernardino built between 2000 and later ( 7.87%).

San Bernardino Home Appreciation Rates

In the last 10 years, San Bernardino has experienced some of the highest home appreciation rates of any community in the nation. San Bernardino real estate appreciated 171.92% over the last ten years, which is an average annual home appreciation rate of 10.52%, putting San Bernardino in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Bernardino definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in San Bernardino that despite a nationwide downturn in the housing market, San Bernardino real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Bernardino appreciation rates continue to be some of the highest in America, at 10.17%, which is higher than appreciation rates in 90.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Bernardino. San Bernardino appreciation rates in the latest quarter were at 2.78%, which equates to an annual appreciation rate of 11.61%.

Importantly, this makes San Bernardino one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that San Bernardino'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 San Bernardino differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Bernardino - 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 San Bernardino real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$310,074

San Bernardino, CA HOME PRICES

> $1,335,000
0.9%
0.9%
$1,001,001 - $1,335,000
0.1%
0.1%
$667,001 - $1,001,000
1.5%
1.5%
$534,001 - $667,000
4.6%
4.6%
$400,001 - $534,000
20.1%
20.1%
$267,001 - $400,000
36.7%
36.7%
$133,001 - $267,000
23.5%
23.5%
$67,001 - $133,000
6.6%
6.6%
$0 - $67,000
6.0%
6.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
59,295

San Bernardino Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
199.28% 5.29%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,514 / per month

Homeownership Rate

Owners
45.0%
45.0%
Renters
55.0%
55.0%
Vacant
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.9%
7.9%
1970 - 1999
41.6%
41.6%
1940 - 1969
42.0%
42.0%
1939 or Older
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.5%
60.5%
Townhomes
3.3%
3.3%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
21.7%
21.7%
Mobile Homes
6.6%
6.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
15.1%
15.1%
2 Bedrooms
31.6%
31.6%
3 Bedrooms
35.4%
35.4%
4 Bedrooms
14.1%
14.1%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES