Supply and demand drive the real estate market, affecting everything from building and lot values to availability for buyers and sellers. These forces are usually closely aligned with an area’s economy, job market, population, demographics, location, interest rates, and several other constantly evolving factors. The coronavirus pandemic put an enormous strain on the economy, but created a real estate boom driven largely by people buying second homes as vacation properties.
Stacker compiled a list of cities with the fastest growing home prices in Los Angeles-Long Beach-Anaheim using data from Zillow. Cities are ranked by the change in Zillow Home Values Index for all homes and apartments over the last year as of January 2022. The typical home value in the United States increased over the last year by +19.9% to $325,677.
Keep reading to see if your home city made the list.
20. Palmdale
- 1 year price change: +23.5%
- 5 year price change: +70.5%
- Typical home value: $465,669 (#151 most expensive city in metro)
19. Lancaster
- 1 year price change: +23.5%
- 5 year price change: +75.6%
- Typical home value: $431,627 (#152 most expensive city in metro)
18. La Palma
- 1 year price change: +23.5%
- 5 year price change: +51.6%
- Typical home value: $1,056,137 (#54 most expensive city in metro)
17. Placentia
- 1 year price change: +24.0%
- 5 year price change: +47.4%
- Typical home value: $971,673 (#61 most expensive city in metro)
16. Costa Mesa
- 1 year price change: +24.0%
- 5 year price change: +48.9%
- Typical home value: $1,156,634 (#45 most expensive city in metro)
15. North Tustin
- 1 year price change: +24.5%
- 5 year price change: +48.7%
- Typical home value: $1,442,083 (#26 most expensive city in metro)
14. Yorba Linda
- 1 year price change: +24.6%
- 5 year price change: +45.4%
- Typical home value: $1,183,274 (#40 most expensive city in metro)
13. Palos Verdes Peninsula
- 1 year price change: +24.9%
- 5 year price change: +43.3%
- Typical home value: $2,265,555 (#11 most expensive city in metro)
12. Lake Forest
- 1 year price change: +24.9%
- 5 year price change: +47.2%
- Typical home value: $1,000,241 (#58 most expensive city in metro)
11. Aliso Viejo
- 1 year price change: +25.0%
- 5 year price change: +46.6%
- Typical home value: $860,937 (#79 most expensive city in metro)
10. Laguna Hills
- 1 year price change: +25.2%
- 5 year price change: +47.3%
- Typical home value: $1,030,901 (#57 most expensive city in metro)
9. Rancho Santa Margarita
- 1 year price change: +26.0%
- 5 year price change: +49.2%
- Typical home value: $898,844 (#72 most expensive city in metro)
8. Mission Viejo
- 1 year price change: +26.4%
- 5 year price change: +49.0%
- Typical home value: $1,032,729 (#55 most expensive city in metro)
7. Villa Park
- 1 year price change: +26.5%
- 5 year price change: +45.8%
- Typical home value: $1,844,199 (#15 most expensive city in metro)
6. Dana Point
- 1 year price change: +26.9%
- 5 year price change: +48.9%
- Typical home value: $1,432,333 (#27 most expensive city in metro)
5. San Juan Capistrano
- 1 year price change: +27.2%
- 5 year price change: +46.3%
- Typical home value: $1,094,535 (#53 most expensive city in metro)
4. Coto de Caza
- 1 year price change: +27.3%
- 5 year price change: +44.7%
- Typical home value: $1,558,863 (#23 most expensive city in metro)
3. Laguna Niguel
- 1 year price change: +27.9%
- 5 year price change: +47.6%
- Typical home value: $1,220,393 (#38 most expensive city in metro)
2. Ladera Ranch
- 1 year price change: +28.4%
- 5 year price change: +47.8%
- Typical home value: $1,137,939 (#46 most expensive city in metro)
1. San Clemente
- 1 year price change: +30.3%
- 5 year price change: +54.8%
- Typical home value: $1,487,384 (#24 most expensive city in metro)