Hayward, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hayward, CA Real Estate Data


Hayward Housing Market Information

With 158,289 people, 46,713 houses or apartments, and a median cost of homes of $516,318, real estate costs in Hayward 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 Hayward, accounting for 51.59% of the city's housing units. Other types of housing that are prevalent in Hayward include large apartment complexes or high rise apartments ( 28.54%), row houses and other attached homes ( 7.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.53%).

The most prevalent building size and type in Hayward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.43% owning and 48.57% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hayward's housing was primarily built during this period, from the '40s through the '60s. A full 45.32% of the city's housing hails from this era. Other housing ages represented in Hayward include homes built between 1970-1999 ( 41.45%) and housing constructed between 2000 and later ( 9.25%). There's also some housing in Hayward built before 1939 ( 3.98%).

Hayward Home Appreciation Rates

Real estate appreciation rates in Hayward's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Appreciation rates are so strong in Hayward that despite a nationwide downturn in the housing market, Hayward real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hayward appreciation rates continue to be some of the highest in America, at 10.34%, which is higher than appreciation rates in 94.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hayward. Hayward appreciation rates in the latest quarter were at 1.14%, which equates to an annual appreciation rate of 4.63%.

Relative to California, our data show that Hayward's latest annual appreciation rate is higher than 80% 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 Hayward differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hayward - 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 Hayward real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$516,318

Hayward, CA HOME PRICES

Value Range
> $1,470,000 1.2
$1,102,001 - $1,470,000 3.4
$735,001 - $1,102,000 15.0
$588,001 - $735,000 17.5
$441,001 - $588,000 27.8
$294,001 - $441,000 17.8
$147,001 - $294,000 9.2
$74,001 - $147,000 3.2
$0 - $74,000 4.2

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.31466072893472 35.978835978836

Number Of Homes And Apartments:
46,713

Rent & Ownership

 

Average Market Rent:
$2,528 / per month

Homeownership Rate

Homeownership
Owners 51.43
Renters 48.57
Vacant 3.77

Housing Market Details

 

Age of Homes

AGE OF Hayward HOMES
2000 or Newer 9.2
1970 - 1999 41.5
1940 - 1969 45.3
1939 or Older 4.0

Types of Homes

TYPE OF Hayward HOMES
Single-Family 51.6
Townhomes 7.8
Small Apt. Buildings 7.5
Apt. Complexes 28.5
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Hayward HOMES
No Bedroom 1.82
1 Bedroom 13.65
2 Bedrooms 31.29
3 Bedrooms 37.03
4 Bedrooms 12.37
5 or more bedrooms 3.84

Hayward Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
79.39% 3.45% 5 9
* 10 is highest