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California
Real Estate Appreciation & Housing Market Trends






California Real Estate Market & Appreciation

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Average Home Values

Median Home Value

$790,084

Number Of Homes And Apartments:

13,315,822

California Home Prices

> $1,235,322
$926,607 - $1,235,322
$617,717 - $926,606
$494,169 - $617,716
$370,604 - $494,168
$247,118 - $370,603
$123,567 - $247,117
$61,775 - $123,566
$0 - $61,774
21.7%
21.7%
16.0%
16.0%
25.8%
25.8%
11.8%
11.8%
9.7%
9.7%
7.1%
7.1%
3.8%
3.8%
1.7%
1.7%
2.4%
2.4%
0% 100.0%
% of Homes

California Appreciation Rates

Rent & Homeownership

Average Market Rent:

$3,102 / per month

Homeownership Rate

Owners
Renters
54.4%
54.4%
45.6%
45.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.0%
17.0%
42.7%
42.7%
31.3%
31.3%
8.9%
8.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.3%
57.3%
7.2%
7.2%
7.8%
7.8%
23.9%
23.9%
3.6%
3.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
13.3%
13.3%
27.0%
27.0%
33.1%
33.1%
17.4%
17.4%
4.4%
4.4%
0% 100.0%
% of Homes