Portola Valley appreciation rates and housing market information

Portola Valley housing market information

With 6,658 people, 2,627 houses or apartments, and a median cost of homes of $2,112,236, Portola Valley house prices are not only among the most expensive in California, Portola Valley real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Portola Valley, accounting for 87.59% of the town's housing units. Other types of housing that are prevalent in Portola Valley include large apartment complexes or high rise apartments (10.09%), and a few row houses and other attached homes (1.90%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Portola Valley. Owner-occupied housing accounts for 83.52% of Portola Valley's homes, and 64.10% have either three or four bedrooms, which is average sized relative to America.

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. Portola Valley's housing was primarily built during this period, from the '40s through the '60s. A full 62.12% of the town's housing hails from this era. Other housing ages represented in Portola Valley include homes built between 1970-1994 (25.28%), and housing constructed from 1939 and earlier (9.29%). There's also some housing in Portola Valley built between 1995 and later (3.31%).

Portola Valley home appreciation rates

In the last 10 years, Portola Valley has experienced some of the highest home appreciation rates of any community in the nation. Portola Valley real estate appreciated 163.55% over the last ten years, which is an average annual home appreciation rate of 16.35%, putting Portola Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Portola Valley 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, Portola Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Portola Valley's appreciation rate has been -2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portola Valley were at -0.35%, which equates to an annual appreciation rate of -1.40%.

Relative to California, our data show that Portola Valley's latest annual appreciation rate is higher than 98% of the other cities and towns in California.