Capitola, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Capitola Neighborhoods Since 2000




Capitola, 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

Capitola Housing Market Information

With 10,189 people, 4,518 houses or apartments, and a median cost of homes of $747,153, real estate costs in Capitola 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 Capitola, accounting for 36.70% of the city's housing units. Other types of housing that are prevalent in Capitola include duplexes, homes converted to apartments or other small apartment buildings ( 25.33%), large apartment complexes or high rise apartments ( 17.51%), and a few mobile homes or trailers ( 12.13%).

People in Capitola primarily live in small (one, two or no bedroom) single-family detached homes. Capitola has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Capitola 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 Capitola built between 1940-1969 ( 37.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.28%). There's also some housing in Capitola built before 1939 ( 4.79%).

Vacant housing appears to be an issue in Capitola. Fully 11.62% of the housing stock is classified as vacant. Left unchecked, vacant Capitola homes and apartments can be a drag on the real estate market, holding Capitola 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.

Capitola Home Appreciation Rates

In the last 10 years, Capitola has experienced some of the highest home appreciation rates of any community in the nation. Capitola real estate appreciated 14.90% over the last ten years, which is an average annual home appreciation rate of 1.40%, putting Capitola in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Capitola definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Capitola that despite a nationwide downturn in the housing market, Capitola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Capitola appreciation rates continue to be some of the highest in America, at 9.92%, which is higher than appreciation rates in 93.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Capitola. Capitola 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 Capitola's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$747,153

Capitola, CA HOME PRICES

Value Range
> $1,326,000 6.6
$995,001 - $1,326,000 11.8
$663,001 - $995,000 34.9
$530,001 - $663,000 13.6
$398,001 - $530,000 10.4
$265,001 - $398,000 8.1
$132,001 - $265,000 8.2
$66,001 - $132,000 4.2
$0 - $66,000 2.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.27352630962147 20.7671957671958

Number Of Homes And Apartments:
4,518

Capitola 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
83.47% 3.58% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,254 / per month

Homeownership Rate

Homeownership
Owners 44.26
Renters 55.74
Vacant 11.62

Housing Market Details

 

Age of Homes

AGE OF Capitola HOMES
2000 or Newer 7.3
1970 - 1999 50.3
1940 - 1969 37.6
1939 or Older 4.8

Types of Homes

TYPE OF Capitola HOMES
Single-Family 36.7
Townhomes 7.2
Small Apt. Buildings 25.3
Apt. Complexes 17.5
Mobile Homes 12.1
Other 1.1

Home Size

SIZE OF Capitola HOMES
No Bedroom 1.39
1 Bedroom 16.12
2 Bedrooms 49.82
3 Bedrooms 25.00
4 Bedrooms 7.67
5 or more bedrooms 0.00