Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 28,343 people, 11,186 houses or apartments, and a median cost of homes of $630,801, real estate costs in Benicia 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 Benicia, accounting for 64.31% of the city's housing units. Other types of housing that are prevalent in Benicia include large apartment complexes or high rise apartments ( 13.15%), row houses and other attached homes ( 10.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Benicia. Owner-occupied housing accounts for 71.01% of Benicia's homes, and 62.11% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Benicia built from 1970 to 1999 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 Benicia built between 1940-1969 ( 14.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.19%). There's also some housing in Benicia built before 1939 ( 6.62%).
In the last 10 years, Benicia has experienced some of the highest home appreciation rates of any community in the nation. Benicia real estate appreciated 59.48% over the last ten years, which is an average annual home appreciation rate of 4.78%, putting Benicia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Benicia 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, Benicia appreciation rates have trailed the rest of the nation. In the last twelve months, Benicia's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Benicia were at -0.67%, which equates to an annual appreciation rate of -2.64%.
Notably, Benicia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Benicia's latest annual appreciation rate is lower than 50% 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 Benicia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Benicia - 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 2000, to assist you in making the best Benicia real estate investment or home purchase decisions.
|$950,001 - $1,267,000||8.5|
|$633,001 - $950,000||41.8|
|$507,001 - $633,000||18.3|
|$380,001 - $507,000||12.8|
|$253,001 - $380,000||6.5|
|$127,001 - $253,000||5.8|
|$63,001 - $127,000||1.5|
|$0 - $63,000||2.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Benicia HOMES|
|2000 or Newer||7.2|
|1970 - 1999||72.1|
|1940 - 1969||14.1|
|1939 or Older||6.6|
|TYPE OF Benicia HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Benicia HOMES|
|5 or more bedrooms||4.42|