Hercules, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Hercules, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hercules Housing Market Information

With 25,545 people, 8,193 houses or apartments, and a median cost of homes of $631,933, real estate costs in Hercules 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 Hercules, accounting for 65.93% of the city's housing units. Other types of housing that are prevalent in Hercules include row houses and other attached homes ( 17.60%), large apartment complexes or high rise apartments ( 11.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hercules. Owner-occupied housing accounts for 82.03% of Hercules's homes, and 64.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hercules 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 Hercules built between 2000 and later ( 24.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.71%).

Hercules Home Appreciation Rates

In the last 10 years, Hercules has experienced some of the highest home appreciation rates of any community in the nation. Hercules real estate appreciated 50.43% over the last ten years, which is an average annual home appreciation rate of 4.17%, putting Hercules in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hercules definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hercules's appreciation rate, at 3.99%, has been at or slightly above the national average. In the latest quarter, Hercules's appreciation rate has been -0.63%, which annualizes to a rate of -2.51%.

Notably, Hercules's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Hercules's latest annual appreciation rate is lower than 50% 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 Hercules differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hercules - 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 Hercules real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$631,933

Hercules, CA HOME PRICES

Value Range
> $1,327,000 0.7
$995,001 - $1,327,000 6.3
$664,001 - $995,000 30.9
$531,001 - $664,000 28.4
$398,001 - $531,000 16.4
$265,001 - $398,000 10.4
$133,001 - $265,000 4.9
$66,001 - $133,000 1.2
$0 - $66,000 0.8

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.16350364963504 31.0615989515072

Number Of Homes And Apartments:
8,193

Hercules Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
95.34% 3.54%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,968 / per month

Homeownership Rate

Homeownership
Owners 82.03
Renters 17.97
Vacant 2.88

Housing Market Details

 

Age of Homes

AGE OF Hercules HOMES
2000 or Newer 24.8
1970 - 1999 70.9
1940 - 1969 3.7
1939 or Older 0.7

Types of Homes

TYPE OF Hercules HOMES
Single-Family 65.9
Townhomes 17.6
Small Apt. Buildings 4.3
Apt. Complexes 11.9
Mobile Homes 0.1
Other 0.2

Home Size

SIZE OF Hercules HOMES
No Bedroom 0.40
1 Bedroom 3.59
2 Bedrooms 20.99
3 Bedrooms 31.28
4 Bedrooms 32.87
5 or more bedrooms 10.86