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 a population of 60,438, 21,616 total housing units (homes and apartments), and a median house value of $660,978, 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 71.77% of the city's housing units. Other types of housing that are prevalent in Petaluma include large apartment complexes or high rise apartments ( 12.14%), row houses and other attached homes ( 7.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.91%).
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 64.43% owning and 35.57% 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 ( 21.64%). A lesser amount of the housing stock also hails from before 1939 ( 11.09%). There's also some housing in Petaluma built between 2000 and later ( 11.08%).
Appreciation rates for homes in Petaluma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.68%, which ranks in the top 40% nationwide. This equates to an annual average Petaluma house appreciation rate of 0.46%.
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 10.22%, which is higher than appreciation rates in 94.41% 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 3.16%, which equates to an annual appreciation rate of 13.27%.
Importantly, NeighborhoodScout’s exclusive research found that Petaluma's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Petaluma's latest annual appreciation rate is higher than 80% 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.
|$1,057,001 - $1,408,000||7.3|
|$704,001 - $1,057,000||30.4|
|$563,001 - $704,000||23.0|
|$423,001 - $563,000||21.3|
|$282,001 - $423,000||8.3|
|$141,001 - $282,000||1.6|
|$71,001 - $141,000||1.8|
|$0 - $71,000||3.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Petaluma HOMES|
|2000 or Newer||11.1|
|1970 - 1999||56.2|
|1940 - 1969||21.6|
|1939 or Older||11.1|
|TYPE OF Petaluma HOMES|
|Small Apt. Buildings||4.9|
|SIZE OF Petaluma HOMES|
|5 or more bedrooms||4.50|