LIVING IN SAN CLEMENTE
San Clemente is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of California. With a population of 64,857 people and 12 constituent neighborhoods, San Clemente is the 130th largest community in California.
San Clemente home prices are not only among the most expensive in California, but San Clemente real estate also consistently ranks among the most expensive in America.
San Clemente is a decidedly white-collar city, with fully 88.31% of the workforce employed in white-collar jobs, well above the national average. Overall, San Clemente is a city of sales and office workers, managers, and professionals. There are especially a lot of people living in San Clemente who work in management occupations (17.13%), sales jobs (15.22%), and office and administrative support (9.73%).
Also of interest is that San Clemente has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.29% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One of the nice things about San Clemente is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
San Clemente is one of the most well-educated cities in the nation. 49.25% of adults in San Clemente have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in San Clemente in 2010 was $56,681, which is wealthy relative to California and the nation. This equates to an annual income of $226,724 for a family of four. However, San Clemente contains both very wealthy and poor people as well.
San Clemente is a very ethnically-diverse city. The people who call San Clemente home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of San Clemente residents report their race to be White, followed by Asian. San Clemente also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.12% of the city’s residents. Important ancestries of people in San Clemente include German, English, Irish, Italian, and European.
The most common language spoken in San Clemente is English. Other important languages spoken here include Spanish and German/Yiddish.
SAN CLEMENTE HOUSING MARKET INFORMATION
With a population of 64,857, 24,530 total housing units (homes and apartments), and a median house value of $1,032,563, San Clemente house prices are not only among the most expensive in California, San Clemente real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in San Clemente, accounting for 57.73% of the city's housing units. Other types of housing that are prevalent in San Clemente include large apartment complexes or high rise apartments ( 14.91%), duplexes, homes converted to apartments or other small apartment buildings ( 14.74%), and a few row houses and other attached homes ( 11.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Clemente. Owner-occupied housing accounts for 65.96% of San Clemente's homes, and 52.55% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in San Clemente 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 San Clemente built between 1940-1969 ( 25.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.89%). There's also some housing in San Clemente built before 1939 ( 1.53%).
Vacant housing appears to be an issue in San Clemente. Fully 11.98% of the housing stock is classified as vacant. Left unchecked, vacant San Clemente homes and apartments can be a drag on the real estate market, holding San Clemente real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
SAN CLEMENTE HOME APPRECIATION RATES
In the last 10 years, San Clemente has experienced some of the highest home appreciation rates of any community in the nation. San Clemente real estate appreciated 54.78% over the last ten years, which is an average annual home appreciation rate of 4.47%, putting San Clemente in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Clemente 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, San Clemente appreciation rates have trailed the rest of the nation. In the last twelve months, San Clemente's appreciation rate has been 2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Clemente were at 1.28%, which equates to an annual appreciation rate of 5.23%.
Relative to California, our data show that San Clemente'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 San Clemente differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Clemente - 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 Clemente real estate investment or home purchase decisions.
Reasons To Invest
- Popular Tourist Destination
- Increasing Rental Demand
- High Appreciation Rates
- Population Growth
- Growing Job Market
- Ethnically-Diverse City
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