Benicia, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Benicia Housing Market Information

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%).

Benicia Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$630,801

Benicia, CA HOME PRICES

Value Range
> $1,267,000 2.1
$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

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.22189781021898 31.0615989515072

Number Of Homes And Apartments:
11,186

Benicia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q2
93.05% 3.43%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,262 / per month

Homeownership Rate

Homeownership
Owners 71.01
Renters 28.99
Vacant 4.53

Housing Market Details

 

Age of Homes

AGE OF Benicia HOMES
2000 or Newer 7.2
1970 - 1999 72.1
1940 - 1969 14.1
1939 or Older 6.6

Types of Homes

TYPE OF Benicia HOMES
Single-Family 64.3
Townhomes 10.4
Small Apt. Buildings 10.0
Apt. Complexes 13.2
Mobile Homes 2.0
Other 0.2

Home Size

SIZE OF Benicia HOMES
No Bedroom 1.71
1 Bedroom 6.45
2 Bedrooms 25.31
3 Bedrooms 34.33
4 Bedrooms 27.79
5 or more bedrooms 4.42