El Cajon Real Estate Market Summary

 

El Cajon has a terrific climate, diverse neighborhoods and a fair share of sites and attractions that make it a very sought-after place to live. But for many, the ultimate deciding factor in moving to the city will be the real estate market. What types of homes are in the area? How affordable are they? And how much will they appreciate if I invest?

 

This page will provide an overview of El Cajon real estate so you can determine if the city’s market is one you should be getting into.

 

Types of Homes

 

Most homes in El Cajon are single home properties or apartment complexes. They rank in the following categories:

 

  • Apartment Complexes: 41.1%
  • Single Family: 40.2%
  • Small Apartment Buildings: 9.4%
  • Mobile Homes: 4.5%
  • Townhomes: 4.4%
  • Other: .5%

 

Home Sizes:

 

Home size is another important factor. You’ll want to make sure the city offers enough residences to accommodate yourself and the people you live with. Here’s El Cajon’s home size outlook.

 

  • No Bedroom: 3.2%
  • 1 Bedroom: 18.9%
  • 2 Bedrooms: 36.4%
  • 3 Bedrooms: 27.6%
  • 4 Bedrooms: 11.8%
  • 5 or more bedrooms: 2%

 

Age of Homes

 

Some people prefer the modern styling and amenities of new homes while others like the stylish durability of vintage. Here’s what you can expect in terms of the age of homes you’ll find when shopping in the El Cajon area.

 

  • 1939 or older: 1.4%
  • 1940-1969: 40.3%
  • 1970-1999: 52.9%
  • 2000 of Newer: 5.4%

 

Prices

 

While the area is not cheap in terms of home prices, it is a lot more affordable than many of its surrounding communities. The median home value is $553,559 and the average rent is $2232. Here’s a breakdown on what you can expect to pay.

 

  • 1% of homes are under $63,000
  • 3% of homes are between $63,001 and $126,000
  • 8% are between $126,001 and $253,000
  • 8% are between $253,001 and $379,000
  • 5% are between $379,001 and $506.000
  • 25% are between $506.001 and $632,000
  • 22,8% are between $632,001 and $948,000
  • 1% are between $948,001 and $1,264,000
  • 3% are above $1,264,000

 

Appreciation Rates

 

Homes in El Cajon are relatively expensive, but they can make great investments. Here are the neighborhoods that have seen the highest appreciation rates since 2000.

 

  1. Bostonia
  2. Washington Ave./ S. Magnolia Ave.
  3. Fletcher Pky. / Chatham St.
  4. 2nd St./ Greenfield Dr.
  5. Johnstown
  6. Main St./ N. Magnolia Ave.
  7. Water St./ Murray Dr.
  8. Washington Ave./ Avocado Ave.
  9. Pepper Dr./ Peerless Dr.
  10. Glenview

 

Homes have showed a 132.16% total appreciation rate between the beginning of 2000 and the second quarter of 2021. They have had an annual average appreciation rate of 4%. Appreciation rates rank as 5 on a scale of 1 to 10 as compared to other California cities and 9 on a scale of 1 to 10 as compared to other U.S. cities.

 

 

Summary:

For more information on current real estate trends in El Cajon, contact Real Estate Agent Michael D. Rehm for a consultation to determine if this is the right time to sell or buy, and how to go about it in the most effective and financially beneficial way.

 

Michael D. Rehm – (619) 787-3456