Palos Verdes Estates California City Guide

The population of Palos Verdes Estates in 2010 was barely over 13,400, and the population in 2018 was 13,523. The 10 year growth rate is 0.87%, and the annual growth rate is 0.12%.

7,068 residents are women, so 52.27% of the population is female. Another 6,455 people are men, which equals 47.73% of residents.

The city’s median resident age is 51, which tracks over California’s median. 25% of the population is under 20, while almost 10% of the city’s residents are between 20-34. About 24% of the population is between 35-54, while 15% are between 55-64. Another 27% of residents are over 65.

Almost 74% of Palos Verdes Estates residents are White alone. Another 21% of the population is of Asian descent, while 4.4% of residents are biracial or multiracial. Less than 1% of residents belong to another ethnic background.

The majority of people living in the city speak English, seeing as 93% of the population only speaks this language. Another 6.8% of residents speak Spanish, while 6.5% of residents are fluent in Chinese, Mandarin, or Cantonese.

German, Irish, and Italian are some of the most common ancestries in Palos Verdes Estates. About 20% of residents were born in another country, which is 7% over the U.S. average.

Palos Verdes Estates students can quickly attend 2 elementary schools, 1 middle school, and 1 high school within the city. The high school dropout rate in this area of the country is about 2%. 78% of students attend public schools, while 22% of the city’s students attend private schools.

98.8% of residents over 25 have earned their high school diploma or a GED. Another 12% of residents have gone on to receive some college education, and 5.6% of residents have an associate’s degree. Over 75% of residents over 25 years old have a bachelor’s degree, and about 33% of the adult population holds a graduate or professional degree as well.

The median property value in Palos Verdes Estates is a little over $2 million, which is among the highest averages not just in the state, but also the country. Very few properties in the city are close to national average values.

Just 1.3% of properties in the city are worth under $234K, and 1.1% are worth between $234K-$467K. Just 0.6% of real estate in Palos Verdes Estates varies between $467K-$585K. 3.9% of properties in the city are worth between $585K-$867K.

8.8% of real estate varies between $876K-%1.2 million. Lastly, the overwhelming majority of properties in Palos Verdes Estates at 84.3% are worth over $1.2 million.

Between January 2009 and January 2020, real estate in the city appreciated 48.40%. This number can be divided into an average annual home appreciation rate of 4.03%, which is among the highest 20% of real estate appreciation rates in the country.

85.8% of properties in Palos Verdes Estates are owner-occupied residences, and 14.2% are rented. Around 11.25% of the housing market stands vacant at any given time.

5.8% of the city’s housing options were built in or before 1939, and 61.7% were constructed between 1940-1969. 27.8% of residences were built between 1970-1999, and 4.7% of the city’s properties were built in or after 2000.

At 92.4%, the majority of properties in the city are single family detached homes. Less than 1% of options are small apartment buildings, and apartment complexes account for 6.3% of residences. Condominiums and attached properties are very few and far between in the city.

Less than 1% of Palos Verdes Estates properties have 1 bedroom layouts. 12.3% of options have 2 bedroom layouts. 33.9% of residences have 3 bedrooms, and 35.5% have 4 bedrooms. Additionally, 17.7% of housing options have 5 or more bedrooms.

In Palos Verdes Estates, the average salary is $204K, and the median household income is $175K. Additionally, the per capita income in this city is $87K.

An estimated 3.3% of Palos Verdes Estates residents are unemployed, and the city’s poverty rate is 5.4%. For context, 2.2% of the population earns less than $25K each year. An additional 7.6% of residents earn between $25K-$35K annually, while 5.8% make $35K-$50K.

From there, 8.5% of residents earn between $50K-$65K annually. Meanwhile, 12.2% of the population earns between $65K-$100K each year. Over 63% of Palos Verdes Estates’s population makes more than $100K.