Larkspur, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Larkspur Neighborhoods Since 2000




Larkspur, CA Real Estate Data


Larkspur Housing Market Information

With a population of 12,417, 5,881 total housing units (homes and apartments), and a median house value of $1,550,114, 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 42.45% of the city's housing units. Other types of housing that are prevalent in Larkspur include single-family detached homes ( 41.26%), duplexes, homes converted to apartments or other small apartment buildings ( 6.98%), and a few row houses and other attached homes ( 6.21%). 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 46.19% of the city's housing hails from this era. Other housing ages represented in Larkspur include homes built between 1970-1999 ( 37.85%) and housing constructed before 1939 ( 11.97%). There's also some housing in Larkspur built between 2000 and later ( 3.99%).

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 19.19% over the last ten years, which is an average annual home appreciation rate of 1.77%, 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.

Appreciation rates are so strong in Larkspur that despite a nationwide downturn in the housing market, Larkspur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Larkspur appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 88.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Larkspur. Larkspur appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.

Relative to California, our data show that Larkspur's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,550,114

Larkspur, CA HOME PRICES

Value Range
> $1,523,000 47.6
$1,142,001 - $1,523,000 15.9
$761,001 - $1,142,000 15.2
$609,001 - $761,000 9.0
$457,001 - $609,000 5.7
$305,001 - $457,000 1.7
$152,001 - $305,000 1.2
$76,001 - $152,000 1.2
$0 - $76,000 2.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.450898869824911 5.41611624834874

Number Of Homes And Apartments:
5,881

Rent & Ownership

 

Average Market Rent:
$3,032 / per month

Homeownership Rate

Homeownership
Owners 44.08
Renters 55.92
Vacant 2.66

Housing Market Details

 

Age of Homes

AGE OF Larkspur HOMES
2000 or Newer 4.0
1970 - 1999 37.9
1940 - 1969 46.2
1939 or Older 12.0

Types of Homes

TYPE OF Larkspur HOMES
Single-Family 41.3
Townhomes 6.2
Small Apt. Buildings 7.0
Apt. Complexes 42.5
Mobile Homes 2.1
Other 1.0

Home Size

SIZE OF Larkspur HOMES
No Bedroom 1.52
1 Bedroom 26.88
2 Bedrooms 32.31
3 Bedrooms 24.46
4 Bedrooms 9.91
5 or more bedrooms 4.92

Larkspur 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
86.39% 3.73% 6 9
* 10 is highest