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 about Scout's Real Estate Data
With 25,495 people, 8,090 houses or apartments, and a median cost of homes of $483,435, 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 80.52% of the city's housing units. Other types of housing that are prevalent in Galt include large apartment complexes or high rise apartments ( 6.94%), mobile homes or trailers ( 4.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.50%).
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 74.08% of Galt's homes, and 74.98% 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 ( 26.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.98%). There's also some housing in Galt built before 1939 ( 2.00%).
In the last 10 years, Galt has experienced some of the highest home appreciation rates of any community in the nation. Galt real estate appreciated 132.06% over the last ten years, which is an average annual home appreciation rate of 8.78%, putting Galt in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Galt 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, Galt appreciation rates have trailed the rest of the nation. In the last twelve months, Galt's appreciation rate has been -9.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Galt were at 0.21%, which equates to an annual appreciation rate of 0.83%.
Notably, Galt's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Galt's latest annual appreciation rate is lower 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.
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