Petaluma, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Petaluma, CA Real Estate Data


Petaluma Housing Market Information

With 60,438 people, 21,538 houses or apartments, and a median cost of homes of $652,548, real estate costs in Petaluma 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 Petaluma, accounting for 71.75% of the city's housing units. Other types of housing that are prevalent in Petaluma include large apartment complexes or high rise apartments ( 12.48%), row houses and other attached homes ( 7.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).

The most prevalent building size and type in Petaluma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.81% owning and 35.19% renting.

There is a lot of housing in Petaluma 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 Petaluma built between 1940-1969 ( 23.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.68%). There's also some housing in Petaluma built before 1939 ( 10.85%).

Petaluma Home Appreciation Rates

Real estate appreciation rates in Petaluma's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

Appreciation rates are so strong in Petaluma that despite a nationwide downturn in the housing market, Petaluma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Petaluma appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 86.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Petaluma. Petaluma appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.25%.

Relative to California, our data show that Petaluma'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 Petaluma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Petaluma - 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 Petaluma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$652,548

Petaluma, CA HOME PRICES

Value Range
> $1,417,000 3.2
$1,063,001 - $1,417,000 6.1
$709,001 - $1,063,000 26.3
$567,001 - $709,000 23.7
$425,001 - $567,000 23.3
$283,001 - $425,000 9.4
$142,001 - $283,000 2.8
$71,001 - $142,000 1.9
$0 - $71,000 3.4

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.3261111436435 26.6842800528402

Number Of Homes And Apartments:
21,538

Rent & Ownership

 

Average Market Rent:
$2,054 / per month

Homeownership Rate

Homeownership
Owners 64.81
Renters 35.19
Vacant 4.07

Housing Market Details

 

Age of Homes

AGE OF Petaluma HOMES
2000 or Newer 11.7
1970 - 1999 54.4
1940 - 1969 23.1
1939 or Older 10.8

Types of Homes

TYPE OF Petaluma HOMES
Single-Family 71.8
Townhomes 7.0
Small Apt. Buildings 5.0
Apt. Complexes 12.5
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Petaluma HOMES
No Bedroom 1.51
1 Bedroom 8.30
2 Bedrooms 23.17
3 Bedrooms 39.23
4 Bedrooms 22.86
5 or more bedrooms 4.93

Petaluma 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
63.70% 2.94% 3 8
* 10 is highest