Post on 20-Jun-2015
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TM
Local Expert Insights
• Supply of homes has dropped significantly, 25% of level just 8-9 months ago
• For older homes that are priced lower, try zip codes 93550, 93534
• For more desirable, newer properties on the west side, try 93551 and 93536
• With the decrease in supply, some lower-priced properties may receive over 20 offers
• Average days on market is now less than 30 (non short sales)
• Rental market is strong as victims of foreclosure are entering the market
Overview
Incorporated in 1962, Palmdale is a city of nearly 130,000 people located in northeast Los Angeles County, in Southern California. Palmdale is a little over an hour north of the City of Los Angeles, over the San Gabriel Mountains.
The Antelope Valley Enterprise Zone and the Foreign-Trade Zone both offer businesses friendly state and federal tax breaks through their respective programs.
The City is known as a family-oriented community with a high quality of life. A new state of the art medical center opens in 2009, including the region’s largest emergency department, a helipad, medical office towers, and a senior housing complex.
On the Map
July 2009 | www.SmartZip.com
PALMDALE, CA
Key Investment Metrics
Average SmartZip Score™ 72 Growth
62 Income
Average Market Value: $198,522
$107 per Sq. Ft.
10-Year Proj. Appreciation: 43%
Average Monthly Rent: $1,666
Average Cap Rate: 4.3%
10-Year Proj. Population Growth: 21%
About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com
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Investment Market Comparison
Palmdale, CA Heat Maps
Safety Ratings Income SmartZip Score™