King City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating King City Neighborhoods Since 2000




King City, 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

King City Housing Market Information

With 13,902 people, 2,976 houses or apartments, and a median cost of homes of $299,274, King City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in King City, accounting for 59.80% of the city's housing units. Other types of housing that are prevalent in King City include mobile homes or trailers ( 12.83%), large apartment complexes or high rise apartments ( 12.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.98%).

The most prevalent building size and type in King City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.49% owning and 57.51% renting.

There is a lot of housing in King City 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 King City built between 1940-1969 ( 26.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.46%). There's also some housing in King City built before 1939 ( 8.71%).

King City Home Appreciation Rates

Homes have actually lost value in King City over the last then years, as home values have seen a decline of 38.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows King City home appreciation rates at 2.53%, which equates to an annual appreciation rate of 10.52%.

Over the last year, King City appreciation rates have trailed the rest of the nation. In the last twelve months, King City's appreciation rate has been 2.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King City were at 2.53%, which equates to an annual appreciation rate of 10.52%.

Importantly, this makes King City 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 King City's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$299,274

King City, CA HOME PRICES

Value Range
> $1,461,000 0.6
$1,095,001 - $1,461,000 0.1
$730,001 - $1,095,000 1.2
$584,001 - $730,000 1.1
$438,001 - $584,000 11.3
$292,001 - $438,000 37.5
$146,001 - $292,000 33.1
$73,001 - $146,000 11.4
$0 - $73,000 3.7

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
16.3365756474862 66.5343915343915

Number Of Homes And Apartments:
2,976

King City 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
54.44% 2.55% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,370 / per month

Homeownership Rate

Homeownership
Owners 42.49
Renters 57.51
Vacant 2.59

Housing Market Details

 

Age of Homes

AGE OF King City HOMES
2000 or Newer 16.5
1970 - 1999 47.9
1940 - 1969 26.9
1939 or Older 8.7

Types of Homes

TYPE OF King City HOMES
Single-Family 59.8
Townhomes 4.9
Small Apt. Buildings 10.0
Apt. Complexes 12.4
Mobile Homes 12.8
Other 0.0

Home Size

SIZE OF King City HOMES
No Bedroom 8.64
1 Bedroom 9.46
2 Bedrooms 28.84
3 Bedrooms 37.38
4 Bedrooms 14.70
5 or more bedrooms 0.98

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Zip Codes in King City, CA