Discovery Bay, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Discovery Bay Neighborhoods Since 2000




Discovery Bay, 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

Discovery Bay Housing Market Information

With 14,306 people, 5,125 houses or apartments, and a median cost of homes of $609,721, real estate costs in Discovery Bay are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Discovery Bay, accounting for 87.95% of the town's housing units. Other types of housing that are prevalent in Discovery Bay include row houses and other attached homes ( 9.26%), large apartment complexes or high rise apartments ( 2.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Discovery Bay. Owner-occupied housing accounts for 76.02% of Discovery Bay's homes, and 80.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Discovery Bay built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Discovery Bay built between 2000 and later ( 30.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.04%). There's also some housing in Discovery Bay built before 1939 ( 1.04%).

Vacant housing appears to be an issue in Discovery Bay. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant Discovery Bay homes and apartments can be a drag on the real estate market, holding Discovery Bay real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Discovery Bay Home Appreciation Rates

Discovery Bay's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Discovery Bay during the period has been just -1.37%, which is lower than 80% of US communities.

Appreciation rates are so strong in Discovery Bay that despite a nationwide downturn in the housing market, Discovery Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Discovery Bay appreciation rates continue to be some of the highest in America, at 7.88%, which is higher than appreciation rates in 86.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Discovery Bay. Discovery Bay appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Discovery Bay one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Discovery Bay's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$609,721

Discovery Bay, CA HOME PRICES

Value Range
> $1,389,000 2.2
$1,042,001 - $1,389,000 9.0
$695,001 - $1,042,000 21.7
$555,001 - $695,000 16.8
$417,001 - $555,000 23.1
$278,001 - $417,000 22.9
$139,001 - $278,000 2.1
$70,001 - $139,000 0.2
$0 - $70,000 2.1

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.77358490566038 29.1005291005291

Number Of Homes And Apartments:
5,125

Discovery Bay 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
54.64% 2.56% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,158 / per month

Homeownership Rate

Homeownership
Owners 76.02
Renters 23.98
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Discovery Bay HOMES
2000 or Newer 30.1
1970 - 1999 66.8
1940 - 1969 2.0
1939 or Older 1.0

Types of Homes

TYPE OF Discovery Bay HOMES
Single-Family 87.9
Townhomes 9.3
Small Apt. Buildings 0.5
Apt. Complexes 2.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Discovery Bay HOMES
No Bedroom 0.00
1 Bedroom 0.33
2 Bedrooms 11.77
3 Bedrooms 45.06
4 Bedrooms 35.08
5 or more bedrooms 7.76

Popular Neighborhoods in Discovery Bay

Zip Codes in Discovery Bay, CA