Martinez, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Martinez, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Martinez Housing Market Information

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%).

Martinez Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$643,937

Martinez, CA HOME PRICES

Value Range
> $1,290,000 3.0
$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

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.94744525547445 30.4062909567497

Number Of Homes And Apartments:
14,773

Martinez Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q1
108.66% 3.89%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,058 / per month

Homeownership Rate

Homeownership
Owners 65.16
Renters 34.84
Vacant 3.85

Housing Market Details

 

Age of Homes

AGE OF Martinez HOMES
2000 or Newer 4.5
1970 - 1999 56.8
1940 - 1969 26.6
1939 or Older 12.1

Types of Homes

TYPE OF Martinez HOMES
Single-Family 62.9
Townhomes 13.8
Small Apt. Buildings 6.7
Apt. Complexes 16.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Martinez HOMES
No Bedroom 2.30
1 Bedroom 9.15
2 Bedrooms 25.91
3 Bedrooms 36.08
4 Bedrooms 22.75
5 or more bedrooms 3.81