Pittsburg, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pittsburg, CA Real Estate Data


Pittsburg Housing Market Information

With 69,424 people, 19,629 houses or apartments, and a median cost of homes of $372,932, 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 68.52% of the city's housing units. Other types of housing that are prevalent in Pittsburg include large apartment complexes or high rise apartments ( 14.66%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few row houses and other attached homes ( 6.71%).

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 57.19% owning and 42.81% 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 ( 21.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.22%). There's also some housing in Pittsburg built before 1939 ( 3.24%).

Pittsburg Home Appreciation Rates

Homes have actually lost value in Pittsburg over the last then years, as home values have seen a decline of 29.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pittsburg home appreciation rates at 1.69%, which equates to an annual appreciation rate of 6.92%.

NeighborhoodScout's data show that during the latest twelve months, Pittsburg's appreciation rate, at 4.65%, has been at or slightly above the national average. In the latest quarter, Pittsburg's appreciation rate has been 1.69%, which annualizes to a rate of 6.92%.

Relative to California, our data show that Pittsburg's latest annual appreciation rate is lower than 90% 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:
$372,932

Pittsburg, CA HOME PRICES

Value Range
> $1,623,000 0.2
$1,217,001 - $1,623,000 0.3
$812,001 - $1,217,000 2.4
$649,001 - $812,000 5.8
$487,001 - $649,000 18.4
$325,001 - $487,000 33.4
$162,001 - $325,000 30.3
$81,001 - $162,000 4.5
$0 - $81,000 4.7

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.0850852023189 57.1994715984148

Number Of Homes And Apartments:
19,629

Rent & Ownership

 

Average Market Rent:
$1,967 / per month

Homeownership Rate

Homeownership
Owners 57.19
Renters 42.81
Vacant 6.19

Housing Market Details

 

Age of Homes

AGE OF Pittsburg HOMES
2000 or Newer 21.2
1970 - 1999 54.2
1940 - 1969 21.3
1939 or Older 3.2

Types of Homes

TYPE OF Pittsburg HOMES
Single-Family 68.5
Townhomes 6.7
Small Apt. Buildings 7.4
Apt. Complexes 14.7
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Pittsburg HOMES
No Bedroom 0.75
1 Bedroom 10.95
2 Bedrooms 19.46
3 Bedrooms 39.73
4 Bedrooms 24.20
5 or more bedrooms 4.92

Pittsburg 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
61.89% 2.87% 3 8
* 10 is highest