Benicia, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Benicia Neighborhoods Since 2000




Benicia, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Benicia Housing Market Information

With 28,167 people, 10,838 houses or apartments, and a median cost of homes of $604,223, 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 64.80% of the city's housing units. Other types of housing that are prevalent in Benicia include large apartment complexes or high rise apartments ( 14.33%), row houses and other attached homes ( 10.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.53%).

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 67.93% of Benicia's homes, and 61.68% 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 ( 13.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.57%). There's also some housing in Benicia built before 1939 ( 6.79%).

Benicia Home Appreciation Rates

Real estate appreciation rates in Benicia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Appreciation rates are so strong in Benicia that despite a nationwide downturn in the housing market, Benicia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Benicia appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 88.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Benicia. Benicia appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.61%.

Importantly, this makes Benicia 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 Benicia's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$604,223

Benicia, CA HOME PRICES

Value Range
> $1,382,000 1.0
$1,036,001 - $1,382,000 5.1
$691,001 - $1,036,000 31.3
$553,001 - $691,000 21.5
$415,001 - $553,000 18.4
$276,001 - $415,000 10.6
$138,001 - $276,000 7.0
$69,001 - $138,000 2.1
$0 - $69,000 2.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.83804054845892 29.3650793650794

Number Of Homes And Apartments:
10,838

Benicia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
75.43% 3.31% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,816 / per month

Homeownership Rate

Homeownership
Owners 67.93
Renters 32.07
Vacant 5.42

Housing Market Details

 

Age of Homes

AGE OF Benicia HOMES
2000 or Newer 7.6
1970 - 1999 72.5
1940 - 1969 13.2
1939 or Older 6.8

Types of Homes

TYPE OF Benicia HOMES
Single-Family 64.8
Townhomes 10.2
Small Apt. Buildings 8.5
Apt. Complexes 14.3
Mobile Homes 2.0
Other 0.2

Home Size

SIZE OF Benicia HOMES
No Bedroom 1.68
1 Bedroom 8.05
2 Bedrooms 24.16
3 Bedrooms 31.93
4 Bedrooms 29.75
5 or more bedrooms 4.43