CERRITOS HOUSING MARKET INFORMATION With 46,797 people, 15,763 houses or apartments, and a median cost of homes of $1,165,271, real estate costs in Cerritos 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. Cerritos is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Cerritos than is found in 98% of the communities in America. Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cerritos. Owner-occupied housing accounts for 74.19% of Cerritos's homes, and 71.55% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Cerritos 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 Cerritos built between 1940-1969 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.53%). CERRITOS HOME APPRECIATION RATES Cerritos's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cerritos during the period has been just 5.84%, which is lower than 70% of US communities. 蘑菇视频's data show that during the latest twelve months, Cerritos's appreciation rate, at 8.45%, has been at or slightly above the national average. In the latest quarter, Cerritos's appreciation rate has been 1.60%, which annualizes to a rate of 6.54%. Relative to California, our data show that Cerritos's latest annual appreciation rate is higher than 80% 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 Cerritos differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Cerritos - 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 Cerritos real estate investment or home purchase decisions.