Pleasant Hill, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pleasant Hill Neighborhoods Since 2000




Pleasant Hill, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pleasant Hill Housing Market Information

With 34,810 people, 13,730 houses or apartments, and a median cost of homes of $685,896, real estate costs in Pleasant Hill 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 Pleasant Hill, accounting for 55.37% of the city's housing units. Other types of housing that are prevalent in Pleasant Hill include large apartment complexes or high rise apartments ( 24.95%), row houses and other attached homes ( 11.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.03%).

The most prevalent building size and type in Pleasant Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.75% owning and 42.25% renting.

There is a lot of housing in Pleasant Hill 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 Pleasant Hill built between 1940-1969 ( 43.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.67%).

Pleasant Hill Home Appreciation Rates

Appreciation rates for homes in Pleasant Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.06%, which ranks in the top 40% nationwide. This equates to an annual average Pleasant Hill house appreciation rate of 0.68%.

Appreciation rates are so strong in Pleasant Hill that despite a nationwide downturn in the housing market, Pleasant Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pleasant Hill appreciation rates continue to be some of the highest in America, at 6.59%, which is higher than appreciation rates in 78.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pleasant Hill. Pleasant Hill appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Pleasant Hill 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 Pleasant Hill's latest annual appreciation rate is lower than 70% 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 Pleasant Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pleasant Hill - 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 Pleasant Hill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$685,896

Pleasant Hill, CA HOME PRICES

Value Range
> $1,338,000 4.0
$1,004,001 - $1,338,000 9.1
$669,001 - $1,004,000 38.1
$535,001 - $669,000 19.7
$401,001 - $535,000 14.9
$268,001 - $401,000 8.3
$134,001 - $268,000 4.2
$67,001 - $134,000 0.7
$0 - $67,000 0.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.78917145200984 24.3386243386243

Number Of Homes And Apartments:
13,730

Pleasant Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
90.46% 3.81% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,849 / per month

Homeownership Rate

Homeownership
Owners 57.75
Renters 42.25
Vacant 2.63

Housing Market Details

 

Age of Homes

AGE OF Pleasant Hill HOMES
2000 or Newer 4.7
1970 - 1999 51.4
1940 - 1969 43.1
1939 or Older 0.8

Types of Homes

TYPE OF Pleasant Hill HOMES
Single-Family 55.4
Townhomes 11.4
Small Apt. Buildings 8.0
Apt. Complexes 24.9
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Pleasant Hill HOMES
No Bedroom 3.62
1 Bedroom 12.48
2 Bedrooms 24.93
3 Bedrooms 38.62
4 Bedrooms 18.03
5 or more bedrooms 2.32