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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 39,214, 16,543 total housing units (homes and apartments), and a median house value of $1,065,230, 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%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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%).
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 89.43% over the last ten years, which is an average annual home appreciation rate of 6.60%, 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 2.58%, 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 0.75%, which equates to an annual appreciation rate of 3.05%.
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 higher 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.
|$1,003,001 - $1,337,000||25.3|
|$668,001 - $1,003,000||25.9|
|$535,001 - $668,000||9.2|
|$401,001 - $535,000||8.8|
|$267,001 - $401,000||2.5|
|$134,001 - $267,000||1.1|
|$67,001 - $134,000||1.0|
|$0 - $67,000||1.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Culver City HOMES|
|2000 or Newer||3.2|
|1970 - 1999||37.8|
|1940 - 1969||47.6|
|1939 or Older||11.4|
|TYPE OF Culver City HOMES|
|Small Apt. Buildings||13.2|
|SIZE OF Culver City HOMES|
|5 or more bedrooms||1.45|