Pittsburg, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pittsburg, CA Housing Market Trends

With a population of 72,588, 21,357 total housing units (homes and apartments), and a median house value of $447,921, real estate costs in Pittsburg 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 Pittsburg, accounting for 66.94% of the city's housing units. Other types of housing that are prevalent in Pittsburg include large apartment complexes or high rise apartments ( 17.34%), row houses and other attached homes ( 6.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.98%).

The most prevalent building size and type in Pittsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.06% owning and 45.94% renting.

There is a lot of housing in Pittsburg 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 Pittsburg built between 1940-1969 ( 22.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.12%). There's also some housing in Pittsburg built before 1939 ( 3.35%).

Pittsburg Home Appreciation Rates

In the last 10 years, Pittsburg has experienced some of the highest home appreciation rates of any community in the nation. Pittsburg real estate appreciated 168.24% over the last ten years, which is an average annual home appreciation rate of 10.37%, putting Pittsburg in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pittsburg 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, Pittsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Pittsburg's appreciation rate has been 5.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pittsburg were at 1.71%, which equates to an annual appreciation rate of 7.02%.

Notably, Pittsburg's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$447,921

Pittsburg, CA HOME PRICES

> $1,237,000
1.4%
1.4%
$928,001 - $1,237,000
1.5%
1.5%
$618,001 - $928,000
14.6%
14.6%
$495,001 - $618,000
24.3%
24.3%
$371,001 - $495,000
33.7%
33.7%
$247,001 - $371,000
17.2%
17.2%
$124,001 - $247,000
3.6%
3.6%
$62,001 - $124,000
1.3%
1.3%
$0 - $62,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
21,357

Pittsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
122.73% 3.79%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,272 / per month

Homeownership Rate

Owners
54.1%
54.1%
Renters
45.9%
45.9%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.1%
20.1%
1970 - 1999
54.1%
54.1%
1940 - 1969
22.5%
22.5%
1939 or Older
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.9%
66.9%
Townhomes
6.5%
6.5%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
17.3%
17.3%
Mobile Homes
3.0%
3.0%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
10.5%
10.5%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
40.6%
40.6%
4 Bedrooms
22.1%
22.1%
5 or more bedrooms
5.9%
5.9%
0.0% 100.0%
% OF HOMES