LIVING IN LA HABRA
La Habra is a larger medium-sized city located in the state of California. With a population of 62,183 people and 13 constituent neighborhoods, La Habra is the 140th largest community in California.
Housing costs in La Habra are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
Unlike some cities, La Habra isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in La Habra are a mix of both white- and blue-collar jobs. Overall, La Habra is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in La Habra who work in office and administrative support (14.80%), sales jobs (11.26%), and management occupations (8.50%).
In La Habra, however, the average commute to work is quite long. On average, people spend 30.28 minutes each day getting to work, which is significantly higher than the national average.
The percentage of people in La Habra who are college-educated is somewhat higher than the average US community of 21.84%: 27.37% of adults in La Habra have at least a bachelor's degree.
The per capita income in La Habra in 2010 was $30,168, which is middle income relative to California, and upper middle income relative to the rest of the US. This equates to an annual income of $120,672 for a family of four. However, La Habra contains both very wealthy and poor people as well.
La Habra is an extremely ethnically-diverse city. The people who call La Habra home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in La Habra, accounting for 59.53% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of La Habra residents report their race to be White, followed by Asian. Important ancestries of people in La Habra include German, Irish, English, Italian, and French.
Foreign born people are also an important part of La Habra's cultural character, accounting for 28.47% of the city’s population.
The most common language spoken in La Habra is English. Other important languages spoken here include Spanish and Korean.
LA HABRA HOUSING MARKET INFORMATION
With a population of 62,183, 18,660 total housing units (homes and apartments), and a median house value of $651,468, real estate costs in La Habra 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 La Habra, accounting for 51.98% of the city's housing units. Other types of housing that are prevalent in La Habra include large apartment complexes or high rise apartments ( 28.59%), row houses and other attached homes ( 9.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.04%).
People in La Habra primarily live in small (one, two or no bedroom) single-family detached homes. La Habra has a mixture of owner-occupied and renter-occupied housing.
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. La Habra's housing was primarily built during this period, from the '40s through the '60s. A full 53.71% of the city's housing hails from this era. Other housing ages represented in La Habra include homes built between 1970-1999 ( 38.93%) and housing constructed between 2000 and later ( 3.75%). There's also some housing in La Habra built before 1939 ( 3.61%).
LA HABRA HOME APPRECIATION RATES
In the last 10 years, La Habra has experienced some of the highest home appreciation rates of any community in the nation. La Habra real estate appreciated 58.11% over the last ten years, which is an average annual home appreciation rate of 4.69%, putting La Habra in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Habra definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, La Habra appreciation rates have trailed the rest of the nation. In the last twelve months, La Habra's appreciation rate has been 3.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Habra were at 1.28%, which equates to an annual appreciation rate of 5.23%.
Relative to California, our data show that La Habra's latest annual appreciation rate is lower than 60% 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 La Habra differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Habra - 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 La Habra real estate investment or home purchase decisions.
Reasons To Invest
- Increasing Rental Demand
- Increasing Appreciation Rates
- Population Growth
- Growing Job Market
- Ethnically-Diverse City
Looking for investment properties?
The key to successful real estate investing is finding the right location. Sign up to view the top available investment properties.
- See detailed financial and neighborhood analysis
- Leverage the experience of industry experts
- Invest remotely with comprehensive, hands-free services
SO CAL MULTIFAMILY OWNERS RESOURCE
Southern California Multifamily Owners Resource is designed to help Southern California multifamily property owners manage, buy, sell and exchange their multifamily properties and enjoy stronger cash flow and a higher return on their investments. Learn more at www.socalmor.com.