Castroville CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Castroville, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Castroville Housing Market Information

With a population of 6,829, 1,541 total housing units (homes and apartments), and a median house value of $420,669, real estate costs in Castroville 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 Castroville, accounting for 54.03% of the town's housing units. Other types of housing that are prevalent in Castroville include large apartment complexes or high rise apartments ( 19.77%), row houses and other attached homes ( 14.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.91%).

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

There is a lot of housing in Castroville 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 Castroville built between 1940-1969 ( 41.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.76%). There's also some housing in Castroville built before 1939 ( 2.79%).

Castroville Home Appreciation Rates

In the last 10 years, Castroville has experienced some of the highest home appreciation rates of any community in the nation. Castroville real estate appreciated 93.48% over the last ten years, which is an average annual home appreciation rate of 6.82%, putting Castroville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castroville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Castroville appreciation rates have trailed the rest of the nation. In the last twelve months, Castroville's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Castroville were at 1.74%, which equates to an annual appreciation rate of 7.15%.

Relative to California, our data show that Castroville's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$420,669

Castroville, CA HOME PRICES

Value Range
> $1,408,000 1.3
$1,056,001 - $1,408,000 0.0
$704,001 - $1,056,000 9.8
$563,001 - $704,000 14.7
$422,001 - $563,000 20.7
$281,001 - $422,000 31.1
$141,001 - $281,000 9.9
$70,001 - $141,000 2.3
$0 - $70,000 10.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
10.6394160583942 56.2254259501966

Number Of Homes And Apartments:
1,541

Castroville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
100.23% 3.58%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,435 / per month

Homeownership Rate

Homeownership
Owners 36.16
Renters 63.84
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Castroville HOMES
2000 or Newer 5.8
1970 - 1999 50.3
1940 - 1969 41.1
1939 or Older 2.8

Types of Homes

TYPE OF Castroville HOMES
Single-Family 54.0
Townhomes 14.6
Small Apt. Buildings 8.9
Apt. Complexes 19.8
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Castroville HOMES
No Bedroom 4.43
1 Bedroom 7.28
2 Bedrooms 41.54
3 Bedrooms 29.71
4 Bedrooms 15.89
5 or more bedrooms 1.15

Popular Neighborhoods in Castroville

Zip Codes in Castroville, CA