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 a population of 16,016, 4,113 total housing units (homes and apartments), and a median house value of $352,741, Kerman real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Kerman, accounting for 72.96% of the city's housing units. Other types of housing that are prevalent in Kerman include duplexes, homes converted to apartments or other small apartment buildings ( 10.61%), large apartment complexes or high rise apartments ( 8.61%), and a few mobile homes or trailers ( 6.28%).
The most prevalent building size and type in Kerman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.14% owning and 47.86% renting.
There is a lot of housing in Kerman 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 Kerman built between 2000 and later ( 35.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.92%). There's also some housing in Kerman built before 1939 ( 3.92%).
In the last 10 years, Kerman has experienced some of the highest home appreciation rates of any community in the nation. Kerman real estate appreciated 135.03% over the last ten years, which is an average annual home appreciation rate of 8.92%, putting Kerman in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kerman 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 Kerman that despite a nationwide downturn in the housing market, Kerman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kerman appreciation rates continue to be some of the highest in America, at 23.47%, which is higher than appreciation rates in 86.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kerman. Kerman appreciation rates in the latest quarter were at 8.75%, which equates to an annual appreciation rate of 39.85%.
Importantly, this makes Kerman 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 Kerman's latest annual appreciation rate is higher than 70% 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 Kerman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kerman - 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 Kerman real estate investment or home purchase decisions.
High for Nation
Low for CA