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Altadena Real Estate – A Look at the Numbers

The real estate market in Altadena, CA is red hot. Homes for sale in Altadena command high prices and never stay on the market for long. Why? Realtors and residents alike will respond with an affirmation: Altadena is a very special place to live, work and relax.

Altadena is a charming community located directly north of Pasadena at the base of the San Gabriel Mountains of the Angeles National Forest. Altadena is an unincorporated city and is located 14 miles northeast of downtown Los Angeles. This warm Mediterranean climate has hot, dry summers with average high temperatures of 91 degrees. Winters are essentially warm and windy with the lowest average temperature being 44 degrees. Altadena averages 21 inches of rain a year.

According to the 2010 US Census, Altadena had a population of 42,777 people. With 8.71 square miles to share there were 4,909.6 people per square mile. This is average for Los Angeles County. The population was more diverse compared to other areas of the county, with the dominant ethnic group being White at 52.8%, followed by 26.9% Latino, 23.7% Black, 5.4% Asian, and 0.7% American Indian.

Altadena’s population is well educated compared to the rest of the county with 45.6% of residents age 25 and older holding a four-year degree and 87.9% holding a high school diploma. Regarding the male population: 57.8% were married, 32.9% had never been married, 7.1% were divorced and 2.1% were widowed. The female population was 53.9% married, 24.4% had never been married, 12.4% divorced and 9.4% widowed. Altadena’s median age was 37, which is a higher median age compared to the rest of Los Angeles County. 9.8% of people in the population were veterans, and 20.8% of residents were born in a foreign country. The average commute to work was 27.5 minutes. Altadena has a Walk Score of 48 out of 100, which means it is a car dependent city.

The average household size was 2.8 people, 9% more than the national average. Approximately 74.6% of residents owned their homes. This was 10% higher than the national average. 25.4% of the population rents a house, apartment or condominium. The 2010 Census stated that there were 15,518 households with a median household income of $83,917. This is high compared to Los Angeles County.

However, real estate in Altadena does not come cheap. The median price of homes for sale in Altadena is $780,000. This is 226% higher than the national average. However, the median home value is $731,400. The price per square foot is $485. The current “temperature” of the real estate market is neutral. Last year, home values ​​rose 8.1% and Zillow predicts they will rise just 1.9% over the next year. The median monthly rent is $2,921. This is 53% higher than the national average. The current health of the housing market is 6.9/10. This is a healthy score given by Zillow compared to other real estate markets across the country.

According to Area Vibes, Altadena has a deliverable score of 77, extremely deliverable. This is higher than the national average of 70. This safe and comfortable community will continue to flourish and grow and produce beautiful homes for its wealthy residents. If you’re looking to buy or sell real estate in Altadena, be sure to do your due diligence and find an experienced real estate agent who specializes in the area.

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