Larkspur, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Larkspur Neighborhoods Since 2000




Larkspur, 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

Larkspur Housing Market Information

With a population of 12,417, 5,891 total housing units (homes and apartments), and a median house value of $1,635,347, Larkspur house prices are not only among the most expensive in California, Larkspur real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Larkspur, accounting for 41.30% of the city's housing units. Other types of housing that are prevalent in Larkspur include single-family detached homes ( 39.82%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few row houses and other attached homes ( 7.39%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Larkspur primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Larkspur has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Larkspur's housing was primarily built during this period, from the '40s through the '60s. A full 47.55% of the city's housing hails from this era. Other housing ages represented in Larkspur include homes built between 1970-1999 ( 36.99%) and housing constructed before 1939 ( 11.38%). There's also some housing in Larkspur built between 2000 and later ( 4.07%).

Larkspur Home Appreciation Rates

In the last 10 years, Larkspur has experienced some of the highest home appreciation rates of any community in the nation. Larkspur real estate appreciated 19.36% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting Larkspur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Larkspur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Larkspur appreciation rates have trailed the rest of the nation. In the last twelve months, Larkspur's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Larkspur were at 2.03%, which equates to an annual appreciation rate of 8.39%.

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

Average Home Values

 

Median Home Value:
$1,635,347

Larkspur, CA HOME PRICES

Value Range
> $1,285,000 51.9
$964,001 - $1,285,000 15.4
$643,001 - $964,000 15.7
$514,001 - $643,000 6.8
$386,001 - $514,000 5.0
$257,001 - $386,000 1.5
$129,001 - $257,000 0.7
$64,001 - $129,000 0.9
$0 - $64,000 2.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.304699402320403 4.23280423280423

Number Of Homes And Apartments:
5,891

Larkspur 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
72.15% 3.20% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,515 / per month

Homeownership Rate

Homeownership
Owners 45.68
Renters 54.32
Vacant 2.84

Housing Market Details

 

Age of Homes

AGE OF Larkspur HOMES
2000 or Newer 4.1
1970 - 1999 37.0
1940 - 1969 47.6
1939 or Older 11.4

Types of Homes

TYPE OF Larkspur HOMES
Single-Family 39.8
Townhomes 7.4
Small Apt. Buildings 8.2
Apt. Complexes 41.3
Mobile Homes 2.0
Other 1.3

Home Size

SIZE OF Larkspur HOMES
No Bedroom 1.73
1 Bedroom 27.92
2 Bedrooms 32.29
3 Bedrooms 22.74
4 Bedrooms 10.64
5 or more bedrooms 4.67