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
With 47,963 people, 13,010 houses or apartments, and a median cost of homes of $237,582, Ceres real estate values are some of the lowest in California, although compared to real estate around the nation, Ceres homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Ceres, accounting for 77.00% of the city's housing units. Other types of housing that are prevalent in Ceres include large apartment complexes or high rise apartments ( 9.28%), row houses and other attached homes ( 4.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.48%).
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 57.46% owning and 42.54% 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 ( 23.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.98%). There's also some housing in Ceres built before 1939 ( 1.55%).
Homes have actually lost value in Ceres over the last then years, as home values have seen a decline of 28.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ceres home appreciation rates at 1.84%, which equates to an annual appreciation rate of 7.58%.
Appreciation rates are so strong in Ceres that despite a nationwide downturn in the housing market, Ceres real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ceres appreciation rates continue to be some of the highest in America, at 9.64%, which is higher than appreciation rates in 92.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ceres. Ceres appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.58%.
Importantly, this makes Ceres one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Ceres's latest annual appreciation rate is higher than 80% 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.
|$1,125,001 - $1,500,000||0.4|
|$750,001 - $1,125,000||0.1|
|$600,001 - $750,000||1.2|
|$450,001 - $600,000||6.3|
|$300,001 - $450,000||20.9|
|$150,001 - $300,000||52.0|
|$75,001 - $150,000||11.8|
|$0 - $75,000||6.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ceres HOMES|
|2000 or Newer||23.3|
|1970 - 1999||56.1|
|1940 - 1969||19.0|
|1939 or Older||1.6|
|TYPE OF Ceres HOMES|
|Small Apt. Buildings||4.5|
|SIZE OF Ceres HOMES|
|5 or more bedrooms||4.44|