Culver City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Culver City Neighborhoods Since 2000




Culver City, 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

Culver City Housing Market Information

With 39,717 people, 16,561 houses or apartments, and a median cost of homes of $977,620, Culver City house prices are not only among the most expensive in California, Culver City 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 Culver City, accounting for 39.39% of the city's housing units. Other types of housing that are prevalent in Culver City include large apartment complexes or high rise apartments ( 39.18%), duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), and a few row houses and other attached homes ( 8.99%).

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

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. Culver City's housing was primarily built during this period, from the '40s through the '60s. A full 49.23% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1999 ( 36.55%) and housing constructed before 1939 ( 12.18%). There's also some housing in Culver City built between 2000 and later ( 2.04%).

Culver City Home Appreciation Rates

In the last 10 years, Culver City has experienced some of the highest home appreciation rates of any community in the nation. Culver City real estate appreciated 39.78% over the last ten years, which is an average annual home appreciation rate of 3.41%, putting Culver City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Culver City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Culver City that despite a nationwide downturn in the housing market, Culver City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Culver City appreciation rates continue to be some of the highest in America, at 9.86%, which is higher than appreciation rates in 93.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Culver City. Culver City appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

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

Average Home Values

 

Median Home Value:
$977,620

Culver City, CA HOME PRICES

Value Range
> $1,397,000 12.2
$1,048,001 - $1,397,000 24.3
$699,001 - $1,048,000 33.7
$559,001 - $699,000 9.5
$419,001 - $559,000 10.8
$279,001 - $419,000 5.3
$140,001 - $279,000 1.8
$70,001 - $140,000 1.1
$0 - $70,000 1.3

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.14262275870151 12.1693121693122

Number Of Homes And Apartments:
16,561

Culver City 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
210.68% 6.79% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,250 / per month

Homeownership Rate

Homeownership
Owners 54.62
Renters 45.38
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF Culver City HOMES
2000 or Newer 2.0
1970 - 1999 36.5
1940 - 1969 49.2
1939 or Older 12.2

Types of Homes

TYPE OF Culver City HOMES
Single-Family 39.4
Townhomes 9.0
Small Apt. Buildings 11.7
Apt. Complexes 39.2
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Culver City HOMES
No Bedroom 3.91
1 Bedroom 21.07
2 Bedrooms 39.02
3 Bedrooms 27.17
4 Bedrooms 7.65
5 or more bedrooms 1.18