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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 48,988 people, 13,549 houses or apartments, and a median cost of homes of $475,969, Ceres real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ceres, accounting for 78.00% of the city's housing units. Other types of housing that are prevalent in Ceres include large apartment complexes or high rise apartments ( 8.77%), mobile homes or trailers ( 5.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.45%).
The most prevalent building size and type in Ceres are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.44% owning and 37.56% renting.
There is a lot of housing in Ceres 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 Ceres built between 2000 and later ( 25.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.33%). There's also some housing in Ceres built before 1939 ( 3.55%).
In the last 10 years, Ceres has experienced some of the highest home appreciation rates of any community in the nation. Ceres real estate appreciated 161.24% over the last ten years, which is an average annual home appreciation rate of 10.08%, putting Ceres in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ceres definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Ceres's appreciation rate, at 7.89%, has been at or slightly above the national average. In the latest quarter, Ceres's appreciation rate has been 3.03%, which annualizes to a rate of 12.67%.
Relative to California, our data show that Ceres's latest annual appreciation rate is higher than 50% 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 city. Individual neighborhoods within Ceres differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ceres - 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 Ceres real estate investment or home purchase decisions.
$475,969
for California
for nation
13,549
$2,234 / per month