Culver City appreciation rates and housing market information

Culver City housing market information

With 38,816 people, 17,130 houses or apartments, and a median cost of homes of $645,804, real estate costs in Culver City are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in Culver City, accounting for 38.56% of the city's housing units. Other types of housing that are prevalent in Culver City include large apartment complexes or high rise apartments (35.84%), duplexes, homes converted to apartments, or other small apartment buildings (13.43%), row houses and other attached homes (11.11%), and a few mobile homes or trailers (1.06%).

People in Culver City primarily live in small (one, two, or no bedroom) single-family detached homes. Culver City has a mixture of owner-occupied and renter-occupied housing.

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. Culver City's housing was primarily built during this period, from the '40s through the '60s. A full 55.89% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1994 (30.89%), and housing constructed from 1939 and earlier (10.92%). There's also some housing in Culver City built between 1995 and later (2.30%).

Culver City home appreciation rates

In the last 10 years, Culver City has experienced some of the highest home appreciation rates of any community in the nation. Culver City real estate appreciated 111.32% over the last ten years, which is an average annual home appreciation rate of 11.13%, putting Culver City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Culver City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Culver City appreciation rates have trailed the rest of the nation. In the last twelve months, Culver City's appreciation rate has been -17.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Culver City were at -1.23%, which equates to an annual appreciation rate of -4.92%.

Notably, Culver City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Culver City's latest annual appreciation rate is higher than 32% 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 Culver City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Culver City - 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 Culver City real estate investment or home purchase decisions.