Fort Bragg, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Bragg, 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

Fort Bragg Housing Market Information

With 7,289 people, 2,855 houses or apartments, and a median cost of homes of $381,933, real estate costs in Fort Bragg 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 Fort Bragg, accounting for 66.20% of the city's housing units. Other types of housing that are prevalent in Fort Bragg include duplexes, homes converted to apartments or other small apartment buildings ( 14.99%), large apartment complexes or high rise apartments ( 10.64%), and a few row houses and other attached homes ( 4.22%).

People in Fort Bragg primarily live in small (one, two or no bedroom) single-family detached homes. Fort Bragg has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Fort Bragg 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 Fort Bragg built between 1940-1969 ( 26.33%). A lesser amount of the housing stock also hails from before 1939 ( 24.48%). There's also some housing in Fort Bragg built between 2000 and later ( 5.67%).

Vacant housing appears to be an issue in Fort Bragg. Fully 11.96% of the housing stock is classified as vacant. Left unchecked, vacant Fort Bragg homes and apartments can be a drag on the real estate market, holding Fort Bragg 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.

Fort Bragg Home Appreciation Rates

Fort Bragg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fort Bragg during the period has been just -1.79%, which is lower than 80% of US communities.

Appreciation rates are so strong in Fort Bragg that despite a nationwide downturn in the housing market, Fort Bragg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Bragg appreciation rates continue to be some of the highest in America, at 10.22%, which is higher than appreciation rates in 94.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Bragg. Fort Bragg appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Fort Bragg 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 Fort Bragg's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$381,933

Fort Bragg, CA HOME PRICES

Value Range
> $1,308,000 0.2
$981,001 - $1,308,000 2.1
$654,001 - $981,000 4.5
$523,001 - $654,000 9.7
$393,001 - $523,000 31.2
$262,001 - $393,000 29.1
$131,001 - $262,000 16.0
$66,001 - $131,000 4.5
$0 - $66,000 2.7

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
10.2953240360952 55.5555555555556

Number Of Homes And Apartments:
2,855

Fort Bragg 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
85.58% 3.65% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,228 / per month

Homeownership Rate

Homeownership
Owners 37.69
Renters 62.31
Vacant 11.96

Housing Market Details

 

Age of Homes

AGE OF Fort Bragg HOMES
2000 or Newer 5.7
1970 - 1999 43.5
1940 - 1969 26.3
1939 or Older 24.5

Types of Homes

TYPE OF Fort Bragg HOMES
Single-Family 66.2
Townhomes 4.2
Small Apt. Buildings 15.0
Apt. Complexes 10.6
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Fort Bragg HOMES
No Bedroom 1.48
1 Bedroom 23.84
2 Bedrooms 34.51
3 Bedrooms 34.38
4 Bedrooms 5.21
5 or more bedrooms 0.59

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Zip Codes in Fort Bragg, CA