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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 30,561 people, 10,890 houses or apartments, and a median cost of homes of $2,895,014, Los Altos house prices are not only among the most expensive in California, Los Altos real estate also is some of the most expensive in all of America.
Los Altos is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Los Altos than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Los Altos. Owner-occupied housing accounts for 82.45% of Los Altos's homes, and 67.34% have either three or four bedrooms, which is average sized relative to America.
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. Los Altos's housing was primarily built during this period, from the '40s through the '60s. A full 64.28% of the city's housing hails from this era. Other housing ages represented in Los Altos include homes built between 1970-1999 ( 23.21%) and housing constructed between 2000 and later ( 8.65%). There's also some housing in Los Altos built before 1939 ( 3.86%).
In the last 10 years, Los Altos has experienced some of the highest home appreciation rates of any community in the nation. Los Altos real estate appreciated 121.14% over the last ten years, which is an average annual home appreciation rate of 8.26%, putting Los Altos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Altos 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 Los Altos that despite a nationwide downturn in the housing market, Los Altos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Los Altos appreciation rates continue to be some of the highest in America, at 14.30%, which is higher than appreciation rates in 99.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Los Altos. Los Altos appreciation rates in the latest quarter were at 4.76%, which equates to an annual appreciation rate of 20.42%.
Importantly, this makes Los Altos 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 Los Altos's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Los Altos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Altos - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Los Altos real estate investment or home purchase decisions.
|$1,045,001 - $1,393,000||3.8|
|$697,001 - $1,045,000||2.3|
|$557,001 - $697,000||0.9|
|$418,001 - $557,000||0.6|
|$279,001 - $418,000||1.0|
|$140,001 - $279,000||0.6|
|$69,001 - $140,000||0.2|
|$0 - $69,000||0.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Los Altos HOMES|
|2000 or Newer||8.6|
|1970 - 1999||23.2|
|1940 - 1969||64.3|
|1939 or Older||3.9|
|TYPE OF Los Altos HOMES|
|Small Apt. Buildings||2.0|
|SIZE OF Los Altos HOMES|
|5 or more bedrooms||14.27|