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 11,376, 3,810 total housing units (homes and apartments), and a median house value of $2,367,735, Piedmont house prices are not only among the most expensive in California, Piedmont real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Piedmont, accounting for 95.20% of the city's housing units. Other types of housing that are prevalent in Piedmont include large apartment complexes or high rise apartments ( 2.27%), duplexes, homes converted to apartments or other small apartment buildings ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Piedmont. Owner-occupied housing accounts for 88.16% of Piedmont's homes, and 68.15% have either three or four bedrooms, which is average sized relative to America.
The housing in Piedmont was primarily built before 1939 ( 73.25%), making the housing stock in Piedmont some of the oldest overall in America, although there is a range of ages of homes in Piedmont. The next most important housing age is between 1940-1969 ( 19.11%), followed by between 1970-1999 ( 5.70%). There's also some housing in Piedmont built between 2000 and later ( 1.94%).
In the last 10 years, Piedmont has experienced some of the highest home appreciation rates of any community in the nation. Piedmont real estate appreciated 49.66% over the last ten years, which is an average annual home appreciation rate of 4.11%, putting Piedmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Piedmont 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 Piedmont that despite a nationwide downturn in the housing market, Piedmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Piedmont appreciation rates continue to be some of the highest in America, at 9.63%, which is higher than appreciation rates in 92.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Piedmont. Piedmont appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.
Importantly, this makes Piedmont one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Piedmont's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
|$1,025,001 - $1,366,000||16.1|
|$683,001 - $1,025,000||5.1|
|$546,001 - $683,000||0.2|
|$410,001 - $546,000||0.6|
|$273,001 - $410,000||1.6|
|$137,001 - $273,000||0.6|
|$69,001 - $137,000||0.2|
|$0 - $69,000||1.6|
|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 Piedmont HOMES|
|2000 or Newer||1.9|
|1970 - 1999||5.7|
|1940 - 1969||19.1|
|1939 or Older||73.2|
|TYPE OF Piedmont HOMES|
|Small Apt. Buildings||1.3|
|SIZE OF Piedmont HOMES|
|5 or more bedrooms||15.75|