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 38,373 people, 14,773 houses or apartments, and a median cost of homes of $643,937, real estate costs in Martinez are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Martinez, accounting for 62.93% of the city's housing units. Other types of housing that are prevalent in Martinez include large apartment complexes or high rise apartments ( 16.37%), row houses and other attached homes ( 13.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Martinez. Owner-occupied housing accounts for 65.16% of Martinez's homes, and 58.83% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Martinez built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Martinez built between 1940-1969 ( 26.59%). A lesser amount of the housing stock also hails from before 1939 ( 12.08%). There's also some housing in Martinez built between 2000 and later ( 4.51%).
In the last 10 years, Martinez has experienced some of the highest home appreciation rates of any community in the nation. Martinez real estate appreciated 52.03% over the last ten years, which is an average annual home appreciation rate of 4.28%, putting Martinez in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Martinez 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, Martinez appreciation rates have trailed the rest of the nation. In the last twelve months, Martinez's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Martinez were at -0.63%, which equates to an annual appreciation rate of -2.51%.
Notably, Martinez's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Martinez's latest annual appreciation rate is lower than 70% 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 Martinez differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Martinez - 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 Martinez real estate investment or home purchase decisions.
|$967,001 - $1,290,000||9.6|
|$645,001 - $967,000||38.2|
|$516,001 - $645,000||23.3|
|$387,001 - $516,000||14.3|
|$258,001 - $387,000||7.2|
|$129,001 - $258,000||2.3|
|$65,001 - $129,000||0.3|
|$0 - $65,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Martinez HOMES|
|2000 or Newer||4.5|
|1970 - 1999||56.8|
|1940 - 1969||26.6|
|1939 or Older||12.1|
|TYPE OF Martinez HOMES|
|Small Apt. Buildings||6.7|
|SIZE OF Martinez HOMES|
|5 or more bedrooms||3.81|