Rancho Cordova, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rancho Cordova Neighborhoods Since 2000




Rancho Cordova, CA Real Estate Data


Rancho Cordova Housing Market Information

With a population of 71,017, 23,908 total housing units (homes and apartments), and a median house value of $285,944, Rancho Cordova real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rancho Cordova, accounting for 57.63% of the city's housing units. Other types of housing that are prevalent in Rancho Cordova include large apartment complexes or high rise apartments ( 21.72%), duplexes, homes converted to apartments or other small apartment buildings ( 8.22%), and a few row houses and other attached homes ( 7.43%).

The most prevalent building size and type in Rancho Cordova are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.88% owning and 46.12% renting.

There is a lot of housing in Rancho Cordova 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 Rancho Cordova built between 1940-1969 ( 32.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.86%).

Rancho Cordova Home Appreciation Rates

Homes have actually lost value in Rancho Cordova over the last then years, as home values have seen a decline of 22.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rancho Cordova home appreciation rates at 2.58%, which equates to an annual appreciation rate of 10.74%.

Appreciation rates are so strong in Rancho Cordova that despite a nationwide downturn in the housing market, Rancho Cordova real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rancho Cordova appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 91.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rancho Cordova. Rancho Cordova appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.74%.

Relative to California, our data show that Rancho Cordova'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 Rancho Cordova differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Cordova - 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 Rancho Cordova real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$285,944

Rancho Cordova, CA HOME PRICES

Value Range
> $1,469,000 0.4
$1,102,001 - $1,469,000 0.1
$735,001 - $1,102,000 1.1
$588,001 - $735,000 2.7
$441,001 - $588,000 10.6
$294,001 - $441,000 29.3
$147,001 - $294,000 40.8
$73,001 - $147,000 5.4
$0 - $73,000 9.5

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.2994671195175 71.2021136063408

Number Of Homes And Apartments:
23,908

Rent & Ownership

 

Average Market Rent:
$1,408 / per month

Homeownership Rate

Homeownership
Owners 53.88
Renters 46.12
Vacant 6.99

Housing Market Details

 

Age of Homes

AGE OF Rancho Cordova HOMES
2000 or Newer 20.9
1970 - 1999 46.4
1940 - 1969 32.2
1939 or Older 0.5

Types of Homes

TYPE OF Rancho Cordova HOMES
Single-Family 57.6
Townhomes 7.4
Small Apt. Buildings 8.2
Apt. Complexes 21.7
Mobile Homes 4.9
Other 0.1

Home Size

SIZE OF Rancho Cordova HOMES
No Bedroom 1.92
1 Bedroom 9.94
2 Bedrooms 26.78
3 Bedrooms 37.72
4 Bedrooms 18.65
5 or more bedrooms 4.99

Rancho Cordova 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
71.67% 3.23% 4 9
* 10 is highest