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 a population of 35,296, 11,722 total housing units (homes and apartments), and a median house value of $1,103,541, real estate costs in Temple City 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 Temple City, accounting for 78.40% of the city's housing units. Other types of housing that are prevalent in Temple City include large apartment complexes or high rise apartments ( 9.14%), row houses and other attached homes ( 6.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.61%).
The most prevalent building size and type in Temple City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.84% owning and 40.16% 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. Temple City's housing was primarily built during this period, from the '40s through the '60s. A full 61.56% of the city's housing hails from this era. Other housing ages represented in Temple City include homes built between 1970-1999 ( 18.57%) and housing constructed between 2000 and later ( 11.86%). There's also some housing in Temple City built before 1939 ( 8.01%).
Temple City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Temple City during the period has been just 5.00%, which is lower than 80% of US communities.
Appreciation rates are so strong in Temple City that despite a nationwide downturn in the housing market, Temple City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple City appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 72.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple City. Temple City 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 Temple City'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 Temple City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple City - 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 Temple City real estate investment or home purchase decisions.
$1,103,541
for California
for nation
11,722
$3,537 / per month