Cambria, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cambria, 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

Cambria Housing Market Information

With a population of 6,238, 2,882 total housing units (homes and apartments), and a median house value of $704,305, real estate costs in Cambria 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 Cambria, accounting for 92.53% of the town's housing units. Other types of housing that are prevalent in Cambria include duplexes, homes converted to apartments or other small apartment buildings ( 3.02%), row houses and other attached homes ( 2.78%), and a few mobile homes or trailers ( 1.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cambria. Owner-occupied housing accounts for 71.87% of Cambria's homes, and 52.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cambria 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 Cambria built between 1940-1969 ( 18.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.62%). There's also some housing in Cambria built before 1939 ( 2.31%).

Vacant housing appears to be an issue in Cambria. Fully 29.84% of the housing stock is classified as vacant. Left unchecked, vacant Cambria homes and apartments can be a drag on the real estate market, holding Cambria 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.

Cambria Home Appreciation Rates

Real estate appreciation rates in Cambria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cambria's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Cambria's appreciation rate has been 0.09%, which annualizes to a rate of 0.34%.

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

Average Home Values

 

Median Home Value:
$704,305

Cambria, CA HOME PRICES

Value Range
> $1,190,000 11.3
$893,001 - $1,190,000 15.5
$595,001 - $893,000 38.9
$476,001 - $595,000 14.9
$357,001 - $476,000 11.7
$238,001 - $357,000 3.4
$119,001 - $238,000 2.7
$60,001 - $119,000 0.6
$0 - $60,000 0.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.62510254306809 23.1481481481481

Number Of Homes And Apartments:
2,882

Cambria 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
77.96% 3.40% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,580 / per month

Homeownership Rate

Homeownership
Owners 71.87
Renters 28.13
Vacant 29.84

Housing Market Details

 

Age of Homes

AGE OF Cambria HOMES
2000 or Newer 8.6
1970 - 1999 70.3
1940 - 1969 18.8
1939 or Older 2.3

Types of Homes

TYPE OF Cambria HOMES
Single-Family 92.5
Townhomes 2.8
Small Apt. Buildings 3.0
Apt. Complexes 0.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Cambria HOMES
No Bedroom 1.48
1 Bedroom 6.55
2 Bedrooms 36.51
3 Bedrooms 45.69
4 Bedrooms 7.21
5 or more bedrooms 2.56

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Zip Codes in Cambria, CA