Silverado appreciation rates and housing market information

Silverado housing market information

With 1,791 people, 3,468 houses or apartments, and a median cost of homes of $681,314, Silverado house prices are not only among the most expensive in California, Silverado 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 Silverado, accounting for 68.94% of the town's housing units. Other types of housing that are prevalent in Silverado include row houses and other attached homes (17.16%), large apartment complexes or high rise apartments (9.66%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.39%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Silverado. Owner-occupied housing accounts for 77.13% of Silverado's homes, and 55.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Silverado 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 Silverado built from 1995 and later (25.12%). A lesser amount of the housing stock also hails from 1939 and earlier (8.71%), and some were built from 1940-1969 (8.71%).

Silverado home appreciation rates

In the last 10 years, Silverado has experienced some of the highest home appreciation rates of any community in the nation. Silverado real estate appreciated 137.32% over the last ten years, which is an average annual home appreciation rate of 13.73%, putting Silverado in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Silverado 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, Silverado appreciation rates have trailed the rest of the nation. In the last twelve months, Silverado's appreciation rate has been -10.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Silverado were at -0.07%, which equates to an annual appreciation rate of -0.28%.

Relative to California, our data show that Silverado's latest annual appreciation rate is higher than 74% of the other cities and towns in California.