Cudahy, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cudahy Neighborhoods Since 2000




Cudahy, 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

Cudahy Housing Market Information

With a population of 24,311, 5,625 total housing units (homes and apartments), and a median house value of $355,255, real estate costs in Cudahy 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 Cudahy, accounting for 38.65% of the city's housing units. Other types of housing that are prevalent in Cudahy include large apartment complexes or high rise apartments ( 33.46%), row houses and other attached homes ( 9.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.31%).

Cudahy is dominated by renter-occupied one, two, or no bedrooms apartments. 83.77% of Cudahy's dwellings are rentals.

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. Cudahy's housing was primarily built during this period, from the '40s through the '60s. A full 51.61% of the city's housing hails from this era. Other housing ages represented in Cudahy include homes built between 1970-1999 ( 31.49%) and housing constructed before 1939 ( 8.94%). There's also some housing in Cudahy built between 2000 and later ( 7.96%).

Cudahy Home Appreciation Rates

Cudahy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cudahy during the period has been just -2.10%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cudahy that despite a nationwide downturn in the housing market, Cudahy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cudahy appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 79.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cudahy. Cudahy appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Cudahy 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 Cudahy'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 city. Individual neighborhoods within Cudahy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cudahy - 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 Cudahy real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$355,255

Cudahy, CA HOME PRICES

Value Range
> $1,317,000 0.0
$988,001 - $1,317,000 1.5
$658,001 - $988,000 6.1
$527,001 - $658,000 6.9
$395,001 - $527,000 27.1
$264,001 - $395,000 34.0
$131,001 - $264,000 10.0
$66,001 - $131,000 0.0
$0 - $66,000 14.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.8012422360248 59.3915343915344

Number Of Homes And Apartments:
5,625

Cudahy 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
115.61% 4.55% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,589 / per month

Homeownership Rate

Homeownership
Owners 16.23
Renters 83.77
Vacant 1.76

Housing Market Details

 

Age of Homes

AGE OF Cudahy HOMES
2000 or Newer 8.0
1970 - 1999 31.5
1940 - 1969 51.6
1939 or Older 8.9

Types of Homes

TYPE OF Cudahy HOMES
Single-Family 38.6
Townhomes 9.6
Small Apt. Buildings 9.3
Apt. Complexes 33.5
Mobile Homes 8.7
Other 0.3

Home Size

SIZE OF Cudahy HOMES
No Bedroom 4.56
1 Bedroom 16.45
2 Bedrooms 53.25
3 Bedrooms 21.39
4 Bedrooms 3.51
5 or more bedrooms 0.84