Mountain View, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mountain View Neighborhoods Since 2000




Mountain View, CA Real Estate Data


Mountain View Housing Market Information

With a population of 80,435, 32,432 total housing units (homes and apartments), and a median house value of $1,157,118, Mountain View house prices are not only among the most expensive in California, Mountain View real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Mountain View, accounting for 46.84% of the city's housing units. Other types of housing that are prevalent in Mountain View include single-family detached homes ( 29.46%), row houses and other attached homes ( 12.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.12%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Mountain View primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Mountain View has a mixture of owner-occupied and renter-occupied housing.

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. Mountain View's housing was primarily built during this period, from the '40s through the '60s. A full 45.57% of the city's housing hails from this era. Other housing ages represented in Mountain View include homes built between 1970-1999 ( 43.68%) and housing constructed between 2000 and later ( 6.60%). There's also some housing in Mountain View built before 1939 ( 4.15%).

Mountain View Home Appreciation Rates

In the last 10 years, Mountain View has experienced some of the highest home appreciation rates of any community in the nation. Mountain View real estate appreciated 65.64% over the last ten years, which is an average annual home appreciation rate of 5.18%, putting Mountain View in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mountain View 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 Mountain View that despite a nationwide downturn in the housing market, Mountain View real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mountain View appreciation rates continue to be some of the highest in America, at 7.21%, which is higher than appreciation rates in 86.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mountain View. Mountain View 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 Mountain View's latest annual appreciation rate is higher than 60% 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 Mountain View differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mountain View - 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 Mountain View real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,157,118

Mountain View, CA HOME PRICES

Value Range
> $1,552,000 27.7
$1,164,001 - $1,552,000 21.1
$776,001 - $1,164,000 25.8
$621,001 - $776,000 8.6
$465,001 - $621,000 5.4
$310,001 - $465,000 2.8
$155,001 - $310,000 2.8
$77,001 - $155,000 2.7
$0 - $77,000 3.0

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.813960297476138 8.85072655217966

Number Of Homes And Apartments:
32,432

Rent & Ownership

 

Average Market Rent:
$2,487 / per month

Homeownership Rate

Homeownership
Owners 41.11
Renters 58.89
Vacant 4.81

Housing Market Details

 

Age of Homes

AGE OF Mountain View HOMES
2000 or Newer 6.6
1970 - 1999 43.7
1940 - 1969 45.6
1939 or Older 4.2

Types of Homes

TYPE OF Mountain View HOMES
Single-Family 29.5
Townhomes 12.3
Small Apt. Buildings 8.1
Apt. Complexes 46.8
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Mountain View HOMES
No Bedroom 4.70
1 Bedroom 26.41
2 Bedrooms 33.22
3 Bedrooms 24.89
4 Bedrooms 8.60
5 or more bedrooms 2.19

Mountain View 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
130.60% 5.04% 10 10
* 10 is highest