Culver City CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 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

Culver City Housing Market Information

With 39,283 people, 16,543 houses or apartments, and a median cost of homes of $1,062,770, 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.

Large apartment complexes or high rise apartments are the single most common housing type in Culver City, accounting for 39.24% of the city's housing units. Other types of housing that are prevalent in Culver City include single-family detached homes ( 37.33%), duplexes, homes converted to apartments or other small apartment buildings ( 13.22%), and a few row houses and other attached homes ( 8.85%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Culver City primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 47.64% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1999 ( 37.79%) and housing constructed before 1939 ( 11.39%). There's also some housing in Culver City built between 2000 and later ( 3.18%).

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 88.19% over the last ten years, which is an average annual home appreciation rate of 6.53%, 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.

NeighborhoodScout's data show that during the latest twelve months, Culver City's appreciation rate, at 3.99%, has been at or slightly above the national average. In the latest quarter, Culver City's appreciation rate has been 1.04%, which annualizes to a rate of 4.24%.

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:
$1,062,770

Culver City, CA HOME PRICES

Value Range
> $1,334,000 25.0
$1,000,001 - $1,334,000 25.3
$667,001 - $1,000,000 25.9
$533,001 - $667,000 9.2
$400,001 - $533,000 8.8
$267,001 - $400,000 2.5
$133,001 - $267,000 1.1
$67,001 - $133,000 1.0
$0 - $67,000 1.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.05109489051095 11.0091743119266

Number Of Homes And Apartments:
16,543

Culver City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
251.95% 6.67%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,531 / per month

Homeownership Rate

Homeownership
Owners 52.98
Renters 47.02
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Culver City HOMES
2000 or Newer 3.2
1970 - 1999 37.8
1940 - 1969 47.6
1939 or Older 11.4

Types of Homes

TYPE OF Culver City HOMES
Single-Family 37.3
Townhomes 8.8
Small Apt. Buildings 13.2
Apt. Complexes 39.2
Mobile Homes 0.9
Other 0.4

Home Size

SIZE OF Culver City HOMES
No Bedroom 4.29
1 Bedroom 20.78
2 Bedrooms 39.20
3 Bedrooms 26.01
4 Bedrooms 8.27
5 or more bedrooms 1.45