Welcome to our 93551 real estate data hub, tailored for investors in Palmdale, CA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 93551 in Palmdale, CA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LOS ANGELES COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Palmdale, CA real estate investing. Uncover the wealth of information available, and position yourself for success in the Palmdale property market.
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Location Overview
- Zip Code: 93551
- City: Palmdale
- State: CA
- Metro Area: Los Angeles-Long Beach-Anaheim, CA
- County Name: LOS ANGELES COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $563,215
- Average Home Price (Single Family Homes): $564,680
- Average Monthly Rental Price (All Types): $3,122
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: -0.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,580
- Average 3 Bedroom Section 8 Rental Rates: $3,350
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.19
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.01
- Number of Units Offered in Section 8 in the County: 46745
- Number of Occupied Units in Section 8 in the County: 45172
- Percentage of Section 8 Units Occupied in the County: 96.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 169.08
- Total % Appreciation since 2000 (Government Data): 195.68
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.82%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -2.94%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.66%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 40.39%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 130.97%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.36%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 116.52%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.45%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.32%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%