Los Gatos, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Los Gatos Neighborhoods Since 2000




Los Gatos, 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

Los Gatos Housing Market Information

With 30,705 people, 12,146 houses or apartments, and a median cost of homes of $1,763,653, Los Gatos house prices are not only among the most expensive in California, Los Gatos 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 Gatos, accounting for 57.81% of the town's housing units. Other types of housing that are prevalent in Los Gatos include large apartment complexes or high rise apartments ( 20.54%), row houses and other attached homes ( 13.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.52%).

The most prevalent building size and type in Los Gatos are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.94% owning and 37.06% renting.

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 Gatos's housing was primarily built during this period, from the '40s through the '60s. A full 46.97% of the town's housing hails from this era. Other housing ages represented in Los Gatos include homes built between 1970-1999 ( 36.32%) and housing constructed before 1939 ( 9.31%). There's also some housing in Los Gatos built between 2000 and later ( 7.41%).

Los Gatos Home Appreciation Rates

In the last 10 years, Los Gatos has experienced some of the highest home appreciation rates of any community in the nation. Los Gatos real estate appreciated 42.11% over the last ten years, which is an average annual home appreciation rate of 3.58%, putting Los Gatos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Los Gatos 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, Los Gatos appreciation rates have trailed the rest of the nation. In the last twelve months, Los Gatos's appreciation rate has been 0.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Los Gatos were at 0.59%, which equates to an annual appreciation rate of 2.39%.

Relative to California, our data show that Los Gatos's latest annual appreciation rate is lower 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 town. Individual neighborhoods within Los Gatos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Los Gatos - 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 Gatos real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,763,653

Los Gatos, CA HOME PRICES

Value Range
> $1,325,000 61.1
$994,001 - $1,325,000 20.9
$663,001 - $994,000 12.1
$530,001 - $663,000 1.8
$398,001 - $530,000 0.7
$265,001 - $398,000 0.8
$133,001 - $265,000 0.5
$66,001 - $133,000 1.0
$0 - $66,000 1.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.257822571194187 4.1005291005291

Number Of Homes And Apartments:
12,146

Los Gatos 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
93.35% 3.90% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,983 / per month

Homeownership Rate

Homeownership
Owners 62.94
Renters 37.06
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Los Gatos HOMES
2000 or Newer 7.4
1970 - 1999 36.3
1940 - 1969 47.0
1939 or Older 9.3

Types of Homes

TYPE OF Los Gatos HOMES
Single-Family 57.8
Townhomes 14.0
Small Apt. Buildings 6.5
Apt. Complexes 20.5
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Los Gatos HOMES
No Bedroom 1.99
1 Bedroom 15.40
2 Bedrooms 21.39
3 Bedrooms 29.90
4 Bedrooms 24.10
5 or more bedrooms 7.22