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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Culver City, CA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Culver City, CA Housing Market Trends

With 39,515 people, 17,691 houses or apartments, and a median cost of homes of $1,400,713, 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 40.45% 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 ( 11.94%), and a few row houses and other attached homes ( 9.45%). 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 51.50% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1999 ( 32.55%) and housing constructed before 1939 ( 10.11%). There's also some housing in Culver City built between 2000 and later ( 5.83%).

Culver City Home Appreciation Rates

Culver City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Culver City during the period has been just 4.81%, which is lower than 80% of US communities.

Over the last year, Culver City appreciation rates have trailed the rest of the nation. In the last twelve months, Culver City's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Culver City were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that Culver City's latest annual appreciation rate is higher 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 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

$1,400,713

Culver City, CA Home Prices
> $1,073,000
$805,001 - $1,073,000
$536,001 - $805,000
$429,001 - $536,000
$322,001 - $429,000
$215,001 - $322,000
$107,001 - $215,000
$53,001 - $107,000
$0 - $53,000
62.6%
62.6%
11.3%
11.3%
14.1%
14.1%
5.2%
5.2%
1.8%
1.8%
0.8%
0.8%
2.1%
2.1%
0.2%
0.2%
1.8%
1.8%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

17,691

Culver City Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,038 / per month

Homeownership Rate

Owners
Renters
55.3%
55.3%
44.7%
44.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.8%
6.8%
93.2%
93.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.8%
5.8%
32.6%
32.6%
51.5%
51.5%
10.1%
10.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.3%
37.3%
9.5%
9.5%
11.9%
11.9%
40.5%
40.5%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.4%
4.4%
20.7%
20.7%
36.1%
36.1%
28.9%
28.9%
8.5%
8.5%
1.3%
1.3%
0% 100.0%
% of Homes