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 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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Discovery Bay HOMES|
|2000 or Newer||30.1|
|1970 - 1999||66.8|
|1940 - 1969||2.0|
|1939 or Older||1.0|
|TYPE OF Discovery Bay HOMES|
|Small Apt. Buildings||0.5|
|SIZE OF Discovery Bay HOMES|
|5 or more bedrooms||7.76|