Galt, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Galt Neighborhoods Since 2000




Galt, 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

Galt Housing Market Information

With 25,303 people, 7,466 houses or apartments, and a median cost of homes of $328,686, real estate costs in Galt 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 Galt, accounting for 77.87% of the city's housing units. Other types of housing that are prevalent in Galt include large apartment complexes or high rise apartments ( 7.03%), row houses and other attached homes ( 6.83%), and a few mobile homes or trailers ( 4.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Galt. Owner-occupied housing accounts for 69.11% of Galt's homes, and 71.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Galt 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 Galt built between 2000 and later ( 26.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.09%). There's also some housing in Galt built before 1939 ( 1.60%).

Galt Home Appreciation Rates

Galt's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Galt during the period has been just -1.56%, which is lower than 80% of US communities.

Appreciation rates are so strong in Galt that despite a nationwide downturn in the housing market, Galt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Galt appreciation rates continue to be some of the highest in America, at 12.02%, which is higher than appreciation rates in 97.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Galt. Galt appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Galt 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 Galt's latest annual appreciation rate is higher than 90% 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 Galt differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Galt - 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 Galt real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$328,686

Galt, CA HOME PRICES

Value Range
> $1,473,000 1.2
$1,105,001 - $1,473,000 0.4
$736,001 - $1,105,000 2.3
$589,001 - $736,000 6.2
$442,001 - $589,000 12.9
$294,001 - $442,000 32.9
$147,001 - $294,000 31.9
$74,001 - $147,000 4.6
$0 - $74,000 7.7

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
13.8169459744521 63.2275132275132

Number Of Homes And Apartments:
7,466

Galt 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
82.51% 3.55% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,497 / per month

Homeownership Rate

Homeownership
Owners 69.11
Renters 30.89
Vacant 4.37

Housing Market Details

 

Age of Homes

AGE OF Galt HOMES
2000 or Newer 26.1
1970 - 1999 62.2
1940 - 1969 10.1
1939 or Older 1.6

Types of Homes

TYPE OF Galt HOMES
Single-Family 77.9
Townhomes 6.8
Small Apt. Buildings 3.8
Apt. Complexes 7.0
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Galt HOMES
No Bedroom 0.77
1 Bedroom 5.10
2 Bedrooms 17.57
3 Bedrooms 50.17
4 Bedrooms 21.49
5 or more bedrooms 4.89