El Cerrito, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating El Cerrito Neighborhoods Since 2000




El Cerrito, 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

El Cerrito Housing Market Information

With a population of 24,954, 9,981 total housing units (homes and apartments), and a median house value of $793,389, El Cerrito house prices are not only among the most expensive in California, El Cerrito real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in El Cerrito, accounting for 69.65% of the city's housing units. Other types of housing that are prevalent in El Cerrito include large apartment complexes or high rise apartments ( 14.68%), duplexes, homes converted to apartments or other small apartment buildings ( 11.29%), and a few row houses and other attached homes ( 3.95%).

People in El Cerrito primarily live in small (one, two or no bedroom) single-family detached homes. El Cerrito 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. El Cerrito's housing was primarily built during this period, from the '40s through the '60s. A full 63.91% of the city's housing hails from this era. Other housing ages represented in El Cerrito include homes built between 1970-1999 ( 20.79%) and housing constructed before 1939 ( 13.32%). There's also some housing in El Cerrito built between 2000 and later ( 1.97%).

El Cerrito Home Appreciation Rates

In the last 10 years, El Cerrito has experienced some of the highest home appreciation rates of any community in the nation. El Cerrito real estate appreciated 25.26% over the last ten years, which is an average annual home appreciation rate of 2.28%, putting El Cerrito in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, El Cerrito definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in El Cerrito that despite a nationwide downturn in the housing market, El Cerrito real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, El Cerrito appreciation rates continue to be some of the highest in America, at 8.96%, which is higher than appreciation rates in 90.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in El Cerrito. El Cerrito appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

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

Relative to California, our data show that El Cerrito'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 El Cerrito differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in El Cerrito - 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 El Cerrito real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$793,389

El Cerrito, CA HOME PRICES

Value Range
> $1,397,000 3.3
$1,048,001 - $1,397,000 14.1
$699,001 - $1,048,000 44.7
$559,001 - $699,000 13.4
$419,001 - $559,000 13.0
$279,001 - $419,000 5.6
$140,001 - $279,000 3.4
$70,001 - $140,000 0.3
$0 - $70,000 2.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.98054611508262 18.3862433862434

Number Of Homes And Apartments:
9,981

El Cerrito 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
105.55% 4.27% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,296 / per month

Homeownership Rate

Homeownership
Owners 58.76
Renters 41.24
Vacant 5.36

Housing Market Details

 

Age of Homes

AGE OF El Cerrito HOMES
2000 or Newer 2.0
1970 - 1999 20.8
1940 - 1969 63.9
1939 or Older 13.3

Types of Homes

TYPE OF El Cerrito HOMES
Single-Family 69.6
Townhomes 4.0
Small Apt. Buildings 11.3
Apt. Complexes 14.7
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF El Cerrito HOMES
No Bedroom 1.84
1 Bedroom 9.43
2 Bedrooms 38.74
3 Bedrooms 35.75
4 Bedrooms 11.25
5 or more bedrooms 3.00