Rancho Cordova, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rancho Cordova Neighborhoods Since 2000




Rancho Cordova, 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

Rancho Cordova Housing Market Information

With 71,017 people, 24,063 houses or apartments, and a median cost of homes of $244,347, 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 57.78% of the city's housing units. Other types of housing that are prevalent in Rancho Cordova include large apartment complexes or high rise apartments ( 21.29%), row houses and other attached homes ( 8.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.78%).

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 53.91% owning and 46.09% 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 ( 32.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.46%).

Rancho Cordova Home Appreciation Rates

Rancho Cordova's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rancho Cordova during the period has been just -1.74%, which is lower than 80% of US communities.

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 10.22%, which is higher than appreciation rates in 94.43% 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 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Rancho Cordova 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 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:
$244,347

Rancho Cordova, CA HOME PRICES

Value Range
> $1,400,000 0.5
$1,050,001 - $1,400,000 0.2
$700,001 - $1,050,000 1.1
$560,001 - $700,000 2.7
$420,001 - $560,000 12.4
$280,001 - $420,000 31.3
$140,001 - $280,000 36.8
$70,001 - $140,000 5.3
$0 - $70,000 9.7

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
23.3856791280909 77.5132275132275

Number Of Homes And Apartments:
24,063

Rancho Cordova 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
79.07% 3.44% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,196 / per month

Homeownership Rate

Homeownership
Owners 53.91
Renters 46.09
Vacant 5.91

Housing Market Details

 

Age of Homes

AGE OF Rancho Cordova HOMES
2000 or Newer 21.5
1970 - 1999 45.2
1940 - 1969 32.7
1939 or Older 0.6

Types of Homes

TYPE OF Rancho Cordova HOMES
Single-Family 57.8
Townhomes 8.1
Small Apt. Buildings 7.8
Apt. Complexes 21.3
Mobile Homes 5.0
Other 0.1

Home Size

SIZE OF Rancho Cordova HOMES
No Bedroom 1.48
1 Bedroom 10.68
2 Bedrooms 26.28
3 Bedrooms 37.99
4 Bedrooms 19.26
5 or more bedrooms 4.32