Kerman, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Kerman Neighborhoods Since 2000




Kerman, 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

Kerman Housing Market Information

With a population of 14,475, 3,758 total housing units (homes and apartments), and a median house value of $269,331, 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 66.99% of the city's housing units. Other types of housing that are prevalent in Kerman include large apartment complexes or high rise apartments ( 13.36%), duplexes, homes converted to apartments or other small apartment buildings ( 12.28%), and a few row houses and other attached homes ( 4.88%).

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 50.87% owning and 49.13% renting.

Kerman homes and real estate are some of the newest in America. 44.93% of Kerman's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Kerman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.09%), and between 1940-1969 ( 14.72%). There's also some housing in Kerman built before 1939 ( 1.26%).

Kerman Home Appreciation Rates

Homes have actually lost value in Kerman over the last then years, as home values have seen a decline of 21.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Kerman home appreciation rates at 2.10%, which equates to an annual appreciation rate of 8.66%.

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 8.06%, which is higher than appreciation rates in 87.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kerman. Kerman appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.66%.

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 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$269,331

Kerman, CA HOME PRICES

Value Range
> $1,341,000 0.0
$1,005,001 - $1,341,000 0.9
$670,001 - $1,005,000 1.9
$536,001 - $670,000 4.1
$402,001 - $536,000 4.1
$268,001 - $402,000 22.6
$134,001 - $268,000 54.7
$67,001 - $134,000 7.2
$0 - $67,000 4.5

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
19.8406187741709 73.1481481481482

Number Of Homes And Apartments:
3,758

Kerman 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
85.00% 3.63% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,183 / per month

Homeownership Rate

Homeownership
Owners 50.87
Renters 49.13
Vacant 5.46

Housing Market Details

 

Age of Homes

AGE OF Kerman HOMES
2000 or Newer 44.9
1970 - 1999 39.1
1940 - 1969 14.7
1939 or Older 1.3

Types of Homes

TYPE OF Kerman HOMES
Single-Family 67.0
Townhomes 4.9
Small Apt. Buildings 12.3
Apt. Complexes 13.4
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Kerman HOMES
No Bedroom 3.85
1 Bedroom 8.03
2 Bedrooms 25.99
3 Bedrooms 37.71
4 Bedrooms 21.58
5 or more bedrooms 2.84

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Zip Codes in Kerman, CA