Ceres appreciation rates and housing market information

Ceres housing market information

With a population of 34,534, 10,803 total housing units (homes and apartments), and a median house value of $194,329, Ceres real estate values are some of the lowest in California, although compared to real estate around the nation, Ceres homes are still considered rather expensive.

single-family detached homes are the single most common housing type in Ceres, accounting for 75.45% of the city's housing units. Other types of housing that are prevalent in Ceres include large apartment complexes or high rise apartments (9.15%), mobile homes or trailers (6.54%), duplexes, homes converted to apartments, or other small apartment buildings (5.60%), and a few row houses and other attached homes (3.18%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Ceres. Owner-occupied housing accounts for 64.61% of Ceres's homes, and 63.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ceres built from 1970-1994, 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 Ceres built from 1940-1969 (21.88%). A lesser amount of the housing stock also hails from 1995 and later (8.41%), and some were built from 1939 and earlier (8.41%).

Ceres home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Ceres, where house values have increased just 37.05%, which is an average annual increase of 3.70%. NeighborhoodScout's data show that in the latest quarter, Ceres house values appreciated 2.98%, which is an annualized rate of 11.92%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

Over the last year, Ceres appreciation rates have trailed the rest of the nation. In the last twelve months, Ceres's appreciation rate has been -30.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ceres were at 2.98%, which equates to an annual appreciation rate of 11.92%.

Importantly, this makes Ceres one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Ceres's latest annual appreciation rate is higher than 2% 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 Ceres differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ceres - 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 1990, to assist you in making the best Ceres real estate investment or home purchase decisions.