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 11,381 people, 4,563 houses or apartments, and a median cost of homes of $797,284, real estate costs in Signal Hill 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.
Large apartment complexes or high rise apartments are the single most common housing type in Signal Hill, accounting for 43.04% of the city's housing units. Other types of housing that are prevalent in Signal Hill include single-family detached homes ( 37.04%), duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), and a few row houses and other attached homes ( 9.35%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Signal Hill primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Signal Hill has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Signal Hill 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 Signal Hill built between 2000 and later ( 19.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.19%). There's also some housing in Signal Hill built before 1939 ( 6.53%).
Appreciation rates for homes in Signal Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.25%, which ranks in the top 50% nationwide. This equates to an annual average Signal Hill house appreciation rate of 6.24%.
Over the last year, Signal Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Signal Hill's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Signal Hill were at 0.15%, which equates to an annual appreciation rate of 0.59%.
Relative to California, our data show that Signal Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
$797,284
for California
for nation
4,563
$2,908 / per month