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 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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Half Moon Bay HOMES|
|2000 or Newer||11.1|
|1970 - 1999||60.3|
|1940 - 1969||20.5|
|1939 or Older||8.2|
|TYPE OF Half Moon Bay HOMES|
|Small Apt. Buildings||8.5|
|SIZE OF Half Moon Bay HOMES|
|5 or more bedrooms||3.99|