WEST HOLLYWOOD HOUSING MARKET INFORMATION With 34,349 people, 22,479 houses or apartments, and a median cost of homes of $1,443,882, West Hollywood house prices are not only among the most expensive in California, West Hollywood real estate also is some of the most expensive in all of America. Large apartment complexes or high rise apartments are the single most common housing type in West Hollywood, accounting for 80.90% of the city's housing units. Other types of housing that are prevalent in West Hollywood include single-family detached homes ( 10.02%), duplexes, homes converted to apartments or other small apartment buildings ( 6.52%), and a few row houses and other attached homes ( 2.43%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown. West Hollywood is dominated by renter-occupied one, two, or no bedrooms apartments. 79.60% of West Hollywood's dwellings are rentals. 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. West Hollywood's housing was primarily built during this period, from the '40s through the '60s. A full 42.63% of the city's housing hails from this era. Other housing ages represented in West Hollywood include homes built between 1970-1999 ( 31.98%) and housing constructed before 1939 ( 16.61%). There's also some housing in West Hollywood built between 2000 and later ( 8.78%). Vacant housing appears to be an issue in West Hollywood. Fully 11.20% of the housing stock is classified as vacant. Left unchecked, vacant West Hollywood homes and apartments can be a drag on the real estate market, holding West Hollywood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. WEST HOLLYWOOD HOME APPRECIATION RATES Real estate appreciation rates in West Hollywood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period. 蘑菇视频's data show that during the latest twelve months, West Hollywood's appreciation rate, at 8.45%, has been at or slightly above the national average. In the latest quarter, West Hollywood's appreciation rate has been 1.60%, which annualizes to a rate of 6.54%. Relative to California, our data show that West Hollywood'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 West Hollywood differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in West Hollywood - 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 West Hollywood real estate investment or home purchase decisions.