Boulder Creek, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Boulder Creek, 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

Boulder Creek Housing Market Information

With a population of 5,075, 1,990 total housing units (homes and apartments), and a median house value of $705,242, real estate costs in Boulder Creek 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 Boulder Creek, accounting for 96.57% of the town's housing units. Other types of housing that are prevalent in Boulder Creek include mobile homes or trailers ( 1.14%), duplexes, homes converted to apartments or other small apartment buildings ( 1.14%).

Dwellings in Boulder Creek tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.39% of the homes in Boulder Creek have two or fewer bedrooms.

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. Boulder Creek's housing was primarily built during this period, from the '40s through the '60s. A full 52.27% of the town's housing hails from this era. Other housing ages represented in Boulder Creek include homes built before 1939 ( 24.46%) and housing constructed between 1970-1999 ( 20.99%). There's also some housing in Boulder Creek built between 2000 and later ( 2.29%).

Vacant housing appears to be an issue in Boulder Creek. Fully 12.45% of the housing stock is classified as vacant. Left unchecked, vacant Boulder Creek homes and apartments can be a drag on the real estate market, holding Boulder Creek real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Boulder Creek Home Appreciation Rates

Appreciation rates for homes in Boulder Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.79%, which ranks in the top 40% nationwide. This equates to an annual average Boulder Creek house appreciation rate of 0.75%.

Appreciation rates are so strong in Boulder Creek that despite a nationwide downturn in the housing market, Boulder Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Boulder Creek appreciation rates continue to be some of the highest in America, at 11.26%, which is higher than appreciation rates in 96.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Boulder Creek. Boulder Creek appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.32%.

Relative to California, our data show that Boulder Creek's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$705,242

Boulder Creek, CA HOME PRICES

Value Range
> $1,436,000 4.0
$1,077,001 - $1,436,000 11.9
$718,001 - $1,077,000 35.7
$574,001 - $718,000 16.1
$431,001 - $574,000 15.8
$287,001 - $431,000 13.7
$144,001 - $287,000 0.2
$72,001 - $144,000 1.0
$0 - $72,000 1.6

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.61338333528653 23.015873015873

Number Of Homes And Apartments:
1,990

Boulder Creek 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
68.18% 3.06% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,255 / per month

Homeownership Rate

Homeownership
Owners 77.49
Renters 22.51
Vacant 12.45

Housing Market Details

 

Age of Homes

AGE OF Boulder Creek HOMES
2000 or Newer 2.3
1970 - 1999 21.0
1940 - 1969 52.3
1939 or Older 24.5

Types of Homes

TYPE OF Boulder Creek HOMES
Single-Family 96.6
Townhomes 0.4
Small Apt. Buildings 1.1
Apt. Complexes 0.7
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Boulder Creek HOMES
No Bedroom 4.66
1 Bedroom 13.81
2 Bedrooms 40.92
3 Bedrooms 32.91
4 Bedrooms 6.82
5 or more bedrooms 0.88

Popular Neighborhoods in Boulder Creek

Zip Codes in Boulder Creek, CA