King City, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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King City, CA Real Estate Data


King City Housing Market Information

With a population of 13,902, 2,944 total housing units (homes and apartments), and a median house value of $280,573, 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 57.88% of the city's housing units. Other types of housing that are prevalent in King City include large apartment complexes or high rise apartments ( 15.67%), duplexes, homes converted to apartments or other small apartment buildings ( 10.59%), and a few mobile homes or trailers ( 10.49%).

People in King City primarily live in small (one, two or no bedroom) single-family detached homes. King City has a mixture of owner-occupied and renter-occupied housing.

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 ( 22.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.64%). There's also some housing in King City built before 1939 ( 11.30%).

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 38.41% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows King City home appreciation rates at 1.91%, which equates to an annual appreciation rate of 7.85%.

Appreciation rates are so strong in King City that despite a nationwide downturn in the housing market, King City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, King City appreciation rates continue to be some of the highest in America, at 10.36%, which is higher than appreciation rates in 98.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in King City. King City appreciation rates in the latest quarter were at 1.91%, which equates to an annual appreciation rate of 7.85%.

Relative to California, our data show that King City's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$280,573

King City, CA HOME PRICES

Value Range
> $1,602,000 0.2
$1,201,001 - $1,602,000 0.0
$800,001 - $1,201,000 0.5
$641,001 - $800,000 3.5
$481,001 - $641,000 10.5
$320,001 - $481,000 24.7
$160,001 - $320,000 41.6
$80,001 - $160,000 13.8
$0 - $80,000 5.1

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.9201850442115 72.9194187582563

Number Of Homes And Apartments:
2,944

Rent & Ownership

 

Average Market Rent:
$1,398 / per month

Homeownership Rate

Homeownership
Owners 42.95
Renters 57.05
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF King City HOMES
2000 or Newer 16.6
1970 - 1999 49.5
1940 - 1969 22.6
1939 or Older 11.3

Types of Homes

TYPE OF King City HOMES
Single-Family 57.9
Townhomes 5.4
Small Apt. Buildings 10.6
Apt. Complexes 15.7
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF King City HOMES
No Bedroom 9.23
1 Bedroom 10.17
2 Bedrooms 30.98
3 Bedrooms 39.14
4 Bedrooms 8.48
5 or more bedrooms 2.01

King City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
52.06% 2.50% 2 6
* 10 is highest

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Zip Codes in King City, CA