Residential Lots of Land for Sale near Edwards, CA
Situated in Southern California, the town of Edwards is small to say the least. But its just a two hour drive from Los Angeles, and is home to a major military air base. Located in Kern County, the town boasts a desert-like climate and plenty of open land. If youre searching for land investment opportunities in CA, Edwards and the surrounding areas are a great place to start.
Brief History and Climate
Edwards is an unincorporated community, which means its not governed by its own municipal corporation. Originally, the town was a base housing site for the nearby Edwards Air Force Base, but is now a part of the base reservation. A post office was built in town back in 1951.
North Edwards is just 7.2 miles northeast of the base, and this is where residents live. The town is home to several churches (mostly Mormon), a café and a supermarket. North Edwards was the very first town to have a woman serve as the President of the Chamber of Commerce. She served until her death in 1973.
The Edwards Air Force Base plays an important role in the town. It serves as the Air Force Test Center, and the Air Force Material Command center for supporting and conducting research as well as the development of flight. The U.S. Air Force Test Pilot School is situated here as well as NASAs Armstrong Flight Research Center.
The tiny community is just 16 miles south of Mojave and sits at an elevation of 2,356 feet. The climate is classified as semi-arid, so it can get pretty hot in the summer. In fact, the hottest day on record was in 2007 when temperatures reached a boiling 114 degrees Fahrenheit.
* July and August are the hottest months, with average temperatures of 99.1 degrees Fahrenheit.
* December and January are the coldest months, with average temperatures of 31.2 degrees Fahrenheit.
Because of the desert-like conditions, temperatures can also get quite cold at night in the winter. The coldest day on record was in December 1994 when temperatures dipped down to 0.9 degrees Fahrenheit. As for rain, dont expect much. January is the wettest month, where 0.5 inches of rain can fall in just 3-4 days. June is typically the driest month, with no rainfall on average.
Population and Demographics
As of 2010, the town of North Edwards had a population of 1,058, which is quite a bit lower than the population in 2000 (1,227). The population density is about 83 people per square mile. All of the residents are living in households not in group quarters.
There were approximately 417 households in the town in 2010, and a large percentage had children under the age of 18 living with them. The majority of the people living in town are between the ages of 18 and 44. Of all the households in North Edwards, 67% were owner-occupied, while 32.9% were occupied by renters. Rental vacancy rates were relatively low at 20.3%.
According to data from 2000, the median income for families was $44,125. About 13.9% of the towns population was living below the poverty line.
North Edwards Real Estate Market
The real estate market in North Edwards hit a rough patch over the last year prices have declined about 31%. But at the same time, the price per square foot increased from $30 to $31. And just three months ago, prices were $13,000 higher than the previous year. Markets tend to fluctuate throughout different times of the year (primarily in the winter).
With that said, declining prices is great news for investors who want to snatch up land at rock bottom prices, and build a home to rent out.
Overall, prices have been steadily rising in the area over the last few years:
* Median price 1 year ago: $43,500
* Median price 5 years ago: $26,500
* Median price 3 months ago: $57,000
* Current median price: $30,000
As you can see, prices can fluctuate throughout the year, but overall, are rising. And even though prices are lower right now, rent prices are holding steady at $795 per month on average for a one-year lease.
Right now, you can get your hands on cheap land in North Edwards. Just take a look at some of our inventory:
* $2,775 for a 7,725 square foot corner lot with dirt road access. Taxes are just $28.75 (yes, you read that right) on this buildable lot.
* $1,999 for a 2.55 acre lot with road access. Taxes are just $96.64 per year, and power is just 1,000 feet away.
* $2,275.00 for a 2.5 acre lot with dirt road access and scenic views. Taxes are just $43.54 per year.
As you can see, there are plenty of opportunities to purchase vacant buildable lots in North Edwards at unbelievably low prices. Taxes are incredibly low, so even if the lot just sits there, it will accumulate value without costing you a fortune in the process.
Looking in nearby areas, we also see some great deals, like in Lancaster, CA. Lancaster is just 40 minutes away from North Edwards, and you can purchase large parcels here at very low prices.
* A 10-acre lot is selling for $4,950. Its already zoned for heavy agricultural use, so this land has plenty of opportunity to generate income. Dirt road access is available, and taxes are just $169.06.
* A 5-acre lot sold for $3,999, and was also zoned for heavy agricultural use. Taxes were just $272.70 per year.
Both North Edwards and Lancaster offer great land opportunities, and youre sure to find even more in the nearby towns in Kern County. The countys growing population will support higher demand for housing, which will cause the value of your land to jump over time. And if you choose to build a home on the property, you can rent or sell and enjoy a nice return on your investment.
Just be sure to do your homework, as some properties in Lancaster border protected lands, which may limit your ability to continue with your project as planned.
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