Castaic, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Castaic, CA Real Estate Data


Castaic Housing Market Information

With a population of 19,574, 5,747 total housing units (homes and apartments), and a median house value of $517,290, real estate costs in Castaic 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 Castaic, accounting for 84.67% of the town's housing units. Other types of housing that are prevalent in Castaic include large apartment complexes or high rise apartments ( 10.12%), mobile homes or trailers ( 2.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castaic. Owner-occupied housing accounts for 80.59% of Castaic's homes, and 71.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Castaic 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 Castaic built between 2000 and later ( 30.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.20%).

Castaic Home Appreciation Rates

Castaic's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Castaic during the period has been just -1.89%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Castaic's appreciation rate, at 5.62%, has been at or slightly above the national average. In the latest quarter, Castaic's appreciation rate has been 1.34%, which annualizes to a rate of 5.46%.

Relative to California, our data show that Castaic's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Castaic differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Castaic - 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 Castaic real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$517,290

Castaic, CA HOME PRICES

Value Range
> $1,322,000 1.9
$992,001 - $1,322,000 2.2
$661,001 - $992,000 13.6
$529,001 - $661,000 32.8
$397,001 - $529,000 25.4
$265,001 - $397,000 12.4
$132,001 - $265,000 5.7
$66,001 - $132,000 2.3
$0 - $66,000 3.8

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.7152895707677 37.78071334214

Number Of Homes And Apartments:
5,747

Rent & Ownership

 

Average Market Rent:
$2,285 / per month

Homeownership Rate

Homeownership
Owners 80.59
Renters 19.41
Vacant 4.53

Housing Market Details

 

Age of Homes

AGE OF Castaic HOMES
2000 or Newer 30.6
1970 - 1999 64.7
1940 - 1969 4.2
1939 or Older 0.5

Types of Homes

TYPE OF Castaic HOMES
Single-Family 84.7
Townhomes 1.2
Small Apt. Buildings 2.0
Apt. Complexes 10.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Castaic HOMES
No Bedroom 0.90
1 Bedroom 2.81
2 Bedrooms 14.82
3 Bedrooms 40.10
4 Bedrooms 31.20
5 or more bedrooms 10.18

Castaic Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
87.40% 3.76% 6 10
* 10 is highest