Castro Valley, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Castro Valley Neighborhoods Since 2000




Castro Valley, 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

Castro Valley Housing Market Information

With a population of 64,642, 22,164 total housing units (homes and apartments), and a median house value of $789,235, Castro Valley house prices are not only among the most expensive in California, Castro Valley real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Castro Valley, accounting for 71.19% of the town's housing units. Other types of housing that are prevalent in Castro Valley include large apartment complexes or high rise apartments ( 13.57%), row houses and other attached homes ( 7.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castro Valley. Owner-occupied housing accounts for 66.43% of Castro Valley's homes, and 60.37% have either three or four bedrooms, which is average sized relative to America.

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. Castro Valley's housing was primarily built during this period, from the '40s through the '60s. A full 54.88% of the town's housing hails from this era. Other housing ages represented in Castro Valley include homes built between 1970-1999 ( 37.85%) and housing constructed before 1939 ( 3.78%). There's also some housing in Castro Valley built between 2000 and later ( 3.50%).

Castro Valley Home Appreciation Rates

Appreciation rates for homes in Castro Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.08%, which ranks in the top 30% nationwide. This equates to an annual average Castro Valley house appreciation rate of 1.15%.

Appreciation rates are so strong in Castro Valley that despite a nationwide downturn in the housing market, Castro Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castro Valley appreciation rates continue to be some of the highest in America, at 9.08%, which is higher than appreciation rates in 91.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castro Valley. Castro Valley appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Castro Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Castro Valley's latest annual appreciation rate is higher 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 Castro Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Castro Valley - 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 Castro Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$789,235

Castro Valley, CA HOME PRICES

Value Range
> $1,414,000 2.4
$1,060,001 - $1,414,000 13.3
$707,001 - $1,060,000 38.4
$566,001 - $707,000 19.2
$424,001 - $566,000 13.8
$282,001 - $424,000 7.0
$141,001 - $282,000 2.2
$71,001 - $141,000 0.9
$0 - $71,000 2.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.02156334231806 18.9153439153439

Number Of Homes And Apartments:
22,164

Castro Valley 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
98.44% 4.05% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,101 / per month

Homeownership Rate

Homeownership
Owners 66.43
Renters 33.57
Vacant 3.69

Housing Market Details

 

Age of Homes

AGE OF Castro Valley HOMES
2000 or Newer 3.5
1970 - 1999 37.9
1940 - 1969 54.9
1939 or Older 3.8

Types of Homes

TYPE OF Castro Valley HOMES
Single-Family 71.2
Townhomes 8.0
Small Apt. Buildings 5.5
Apt. Complexes 13.6
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Castro Valley HOMES
No Bedroom 0.98
1 Bedroom 7.70
2 Bedrooms 26.68
3 Bedrooms 37.95
4 Bedrooms 22.43
5 or more bedrooms 4.27