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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 39,185 people, 16,796 houses or apartments, and a median cost of homes of $1,197,035, 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 39.76% of the city's housing units. Other types of housing that are prevalent in Culver City include single-family detached homes ( 36.65%), duplexes, homes converted to apartments or other small apartment buildings ( 13.16%), and a few row houses and other attached homes ( 9.05%). 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 51.14% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1999 ( 33.44%) and housing constructed before 1939 ( 11.49%). There's also some housing in Culver City built between 2000 and later ( 3.94%).

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 90.76% over the last ten years, which is an average annual home appreciation rate of 6.67%, 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.

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 4.87%, 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 1.49%, which equates to an annual appreciation rate of 6.10%.

Notably, Culver City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Culver City's latest annual appreciation rate is lower than 60% 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:
$1,197,035

Culver City, CA HOME PRICES

> $1,146,000
44.6%
44.6%
$859,001 - $1,146,000
20.9%
20.9%
$573,001 - $859,000
15.8%
15.8%
$458,001 - $573,000
9.6%
9.6%
$344,001 - $458,000
5.8%
5.8%
$229,001 - $344,000
0.6%
0.6%
$115,001 - $229,000
0.9%
0.9%
$58,001 - $115,000
0.7%
0.7%
$0 - $58,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
16,796

Culver City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
270.05% 6.43%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,710 / per month

Homeownership Rate

Owners
51.8%
51.8%
Renters
48.2%
48.2%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.9%
3.9%
1970 - 1999
33.4%
33.4%
1940 - 1969
51.1%
51.1%
1939 or Older
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
36.6%
36.6%
Townhomes
9.1%
9.1%
Small Apt. Buildings
13.2%
13.2%
Apt. Complexes
39.8%
39.8%
Mobile Homes
0.9%
0.9%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.3%
5.3%
1 Bedroom
20.7%
20.7%
2 Bedrooms
38.8%
38.8%
3 Bedrooms
24.7%
24.7%
4 Bedrooms
9.0%
9.0%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES