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 25,515, 9,882 total housing units (homes and apartments), and a median house value of $800,045, real estate costs in El Cerrito 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 El Cerrito, accounting for 68.71% of the city's housing units. Other types of housing that are prevalent in El Cerrito include large apartment complexes or high rise apartments ( 15.16%), duplexes, homes converted to apartments or other small apartment buildings ( 12.55%), and a few row houses and other attached homes ( 3.33%).
The most prevalent building size and type in El Cerrito are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.67% owning and 40.33% renting.
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 62.31% of the city's housing hails from this era. Other housing ages represented in El Cerrito include homes built between 1970-1999 ( 20.84%) and housing constructed before 1939 ( 14.14%). There's also some housing in El Cerrito built between 2000 and later ( 2.71%).
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 65.88% over the last ten years, which is an average annual home appreciation rate of 5.19%, 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.
Over the last year, El Cerrito appreciation rates have trailed the rest of the nation. In the last twelve months, El Cerrito's appreciation rate has been -2.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in El Cerrito were at -1.01%, which equates to an annual appreciation rate of -3.99%.
Notably, El Cerrito's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that El Cerrito's latest annual appreciation rate is lower than 80% 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.
|$945,001 - $1,259,000||24.2|
|$630,001 - $945,000||42.4|
|$504,001 - $630,000||8.7|
|$378,001 - $504,000||9.9|
|$252,001 - $378,000||2.9|
|$126,001 - $252,000||1.7|
|$63,001 - $126,000||0.2|
|$0 - $63,000||1.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF El Cerrito HOMES|
|2000 or Newer||2.7|
|1970 - 1999||20.8|
|1940 - 1969||62.3|
|1939 or Older||14.1|
|TYPE OF El Cerrito HOMES|
|Small Apt. Buildings||12.5|
|SIZE OF El Cerrito HOMES|
|5 or more bedrooms||3.73|