Rodeo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rodeo Neighborhoods Since 2000




Rodeo, 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

Rodeo Housing Market Information

With a population of 9,299, 3,167 total housing units (homes and apartments), and a median house value of $419,040, real estate costs in Rodeo 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 Rodeo, accounting for 74.02% of the town's housing units. Other types of housing that are prevalent in Rodeo include duplexes, homes converted to apartments or other small apartment buildings ( 15.20%), large apartment complexes or high rise apartments ( 7.48%), and a few row houses and other attached homes ( 2.33%).

The most prevalent building size and type in Rodeo are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.43% owning and 35.57% renting.

There is a lot of housing in Rodeo 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 Rodeo built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from before 1939 ( 12.90%). There's also some housing in Rodeo built between 2000 and later ( 10.17%).

Rodeo Home Appreciation Rates

Homes have actually lost value in Rodeo over the last then years, as home values have seen a decline of 20.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rodeo home appreciation rates at 2.03%, which equates to an annual appreciation rate of 8.39%.

Appreciation rates are so strong in Rodeo that despite a nationwide downturn in the housing market, Rodeo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rodeo appreciation rates continue to be some of the highest in America, at 8.87%, which is higher than appreciation rates in 90.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rodeo. Rodeo appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Rodeo one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Rodeo's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$419,040

Rodeo, CA HOME PRICES

Value Range
> $1,483,000 0.0
$1,112,001 - $1,483,000 1.2
$741,001 - $1,112,000 8.4
$593,001 - $741,000 14.2
$445,001 - $593,000 26.6
$297,001 - $445,000 31.7
$148,001 - $297,000 14.1
$74,001 - $148,000 0.7
$0 - $74,000 3.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.53744286886207 51.0582010582011

Number Of Homes And Apartments:
3,167

Rodeo 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
71.24% 3.17% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,442 / per month

Homeownership Rate

Homeownership
Owners 64.43
Renters 35.57
Vacant 4.12

Housing Market Details

 

Age of Homes

AGE OF Rodeo HOMES
2000 or Newer 10.2
1970 - 1999 45.2
1940 - 1969 31.7
1939 or Older 12.9

Types of Homes

TYPE OF Rodeo HOMES
Single-Family 74.0
Townhomes 2.3
Small Apt. Buildings 15.2
Apt. Complexes 7.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Rodeo HOMES
No Bedroom 0.27
1 Bedroom 8.90
2 Bedrooms 23.37
3 Bedrooms 42.54
4 Bedrooms 18.71
5 or more bedrooms 6.21