Los Altos, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Los Altos Neighborhoods Since 2000




Los Altos, CA Real Estate Data


Los Altos Housing Market Information

With a population of 30,671, 10,982 total housing units (homes and apartments), and a median house value of $2,473,893, 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.

Single-family detached homes are the single most common housing type in Los Altos, accounting for 82.63% of the city's housing units. Other types of housing that are prevalent in Los Altos include large apartment complexes or high rise apartments ( 9.52%), row houses and other attached homes ( 5.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.02%).

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 84.03% of Los Altos's homes, and 69.66% 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 67.00% of the city's housing hails from this era. Other housing ages represented in Los Altos include homes built between 1970-1999 ( 21.07%) and housing constructed between 2000 and later ( 7.95%). There's also some housing in Los Altos built before 1939 ( 3.98%).

Los Altos Home Appreciation Rates

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 22.21% over the last ten years, which is an average annual home appreciation rate of 2.03%, putting Los Altos in the top 20% 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 8.97%, which is higher than appreciation rates in 95.47% 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 2.57%, which equates to an annual appreciation rate of 10.68%.

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.

Average Home Values

 

Median Home Value:
$2,473,893

Los Altos, CA HOME PRICES

Value Range
> $1,589,000 85.2
$1,192,001 - $1,589,000 5.8
$795,001 - $1,192,000 3.9
$636,001 - $795,000 1.0
$477,001 - $636,000 0.8
$318,001 - $477,000 1.0
$159,001 - $318,000 1.4
$79,001 - $159,000 0.2
$0 - $79,000 0.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.122972419043157 2.11360634081902

Number Of Homes And Apartments:
10,982

Rent & Ownership

 

Average Market Rent:
$3,615 / per month

Homeownership Rate

Homeownership
Owners 84.03
Renters 15.97
Vacant 3.58

Housing Market Details

 

Age of Homes

AGE OF Los Altos HOMES
2000 or Newer 8.0
1970 - 1999 21.1
1940 - 1969 67.0
1939 or Older 4.0

Types of Homes

TYPE OF Los Altos HOMES
Single-Family 82.6
Townhomes 5.5
Small Apt. Buildings 2.0
Apt. Complexes 9.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Los Altos HOMES
No Bedroom 0.57
1 Bedroom 4.77
2 Bedrooms 13.23
3 Bedrooms 32.25
4 Bedrooms 37.41
5 or more bedrooms 11.77

Los Altos 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
67.16% 3.07% 4 8
* 10 is highest