La Mesa, CA

With a population of 61,121, 23,523 total housing units (homes and apartments), and a median house value of $787,523, real estate costs in La Mesa Homes For Sale 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 Mesa, accounting for 46.67% of the city’s housing units. Other types of housing that are prevalent in La Mesa include large apartment complexes or high rise apartments ( 37.55%), duplexes, homes converted to apartments or other small apartment buildings ( 8.39%), and a few row houses and other attached homes ( 6.30%).

People in La Mesa primarily live in small (one, two or no bedroom) single-family detached homes. La Mesa 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 Mesa’s housing was primarily built during this period, from the ’40s through the ’60s. A full 48.06% of the city’s housing hails from this era. Other housing ages represented in La Mesa include homes built between 1970-1999 ( 38.85%) and housing constructed between 2000 and later ( 7.45%). There’s also some housing in La Mesa built before 1939 ( 5.64%).

In the last 10 years, La Mesa has experienced some of the highest home appreciation rates of any community in the nation. La Mesa real estate appreciated 129.41% over the last ten years, which is an average annual home appreciation rate of 8.66%, putting La Mesa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Mesa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Credit Goes To:  https://www.neighborhoodscout.com/ca/la-mesa/real-estate#description