Half Moon Bay, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Half Moon Bay Neighborhoods Since 2000




Half Moon Bay, 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

Half Moon Bay Housing Market Information

With a population of 12,657, 4,585 total housing units (homes and apartments), and a median house value of $1,050,857, Half Moon Bay house prices are not only among the most expensive in California, Half Moon Bay 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 Half Moon Bay, accounting for 63.61% of the city's housing units. Other types of housing that are prevalent in Half Moon Bay include row houses and other attached homes ( 13.04%), duplexes, homes converted to apartments or other small apartment buildings ( 8.50%), and a few mobile homes or trailers ( 8.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Half Moon Bay. Owner-occupied housing accounts for 71.12% of Half Moon Bay's homes, and 55.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Half Moon Bay 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 Half Moon Bay built between 1940-1969 ( 20.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.06%). There's also some housing in Half Moon Bay built before 1939 ( 8.16%).

Vacant housing appears to be an issue in Half Moon Bay. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Half Moon Bay homes and apartments can be a drag on the real estate market, holding Half Moon Bay 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.

Half Moon Bay Home Appreciation Rates

In the last 10 years, Half Moon Bay has experienced some of the highest home appreciation rates of any community in the nation. Half Moon Bay real estate appreciated 20.44% over the last ten years, which is an average annual home appreciation rate of 1.88%, putting Half Moon Bay in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Half Moon Bay 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 Half Moon Bay that despite a nationwide downturn in the housing market, Half Moon Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Half Moon Bay appreciation rates continue to be some of the highest in America, at 6.85%, which is higher than appreciation rates in 80.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Half Moon Bay. Half Moon Bay appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Half Moon Bay 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 Half Moon Bay's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,050,857

Half Moon Bay, CA HOME PRICES

Value Range
> $1,371,000 20.3
$1,029,001 - $1,371,000 27.9
$686,001 - $1,029,000 25.2
$549,001 - $686,000 5.4
$411,001 - $549,000 7.4
$274,001 - $411,000 1.9
$137,001 - $274,000 2.5
$69,001 - $137,000 5.0
$0 - $69,000 4.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.949255830305871 10.0529100529101

Number Of Homes And Apartments:
4,585

Half Moon Bay 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
88.94% 3.76% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,517 / per month

Homeownership Rate

Homeownership
Owners 71.12
Renters 28.88
Vacant 10.87

Housing Market Details

 

Age of Homes

AGE OF Half Moon Bay HOMES
2000 or Newer 11.1
1970 - 1999 60.3
1940 - 1969 20.5
1939 or Older 8.2

Types of Homes

TYPE OF Half Moon Bay HOMES
Single-Family 63.6
Townhomes 13.0
Small Apt. Buildings 8.5
Apt. Complexes 6.6
Mobile Homes 8.1
Other 0.1

Home Size

SIZE OF Half Moon Bay HOMES
No Bedroom 2.04
1 Bedroom 6.63
2 Bedrooms 31.51
3 Bedrooms 37.67
4 Bedrooms 18.16
5 or more bedrooms 3.99