Rodeo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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, 3,293 total housing units (homes and apartments), and a median house value of $528,603, 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 72.09% 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 ( 15.04%), large apartment complexes or high rise apartments ( 9.13%), and a few row houses and other attached homes ( 3.04%).

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 61.22% owning and 38.78% 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 ( 29.49%). A lesser amount of the housing stock also hails from before 1939 ( 16.24%). There's also some housing in Rodeo built between 2000 and later ( 10.09%).

Rodeo Home Appreciation Rates

In the last 10 years, Rodeo has experienced some of the highest home appreciation rates of any community in the nation. Rodeo real estate appreciated 68.21% over the last ten years, which is an average annual home appreciation rate of 5.34%, putting Rodeo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rodeo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.96%, which is higher than appreciation rates in 87.27% 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 -0.63%, which equates to an annual appreciation rate of -2.51%.

Notably, Rodeo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Rodeo's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$528,603

Rodeo, CA HOME PRICES

Value Range
> $1,462,000 0.0
$1,097,001 - $1,462,000 1.3
$731,001 - $1,097,000 11.3
$585,001 - $731,000 32.7
$439,001 - $585,000 26.1
$293,001 - $439,000 20.5
$146,001 - $293,000 4.4
$73,001 - $146,000 1.1
$0 - $73,000 2.6

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.31240875912409 42.3328964613368

Number Of Homes And Apartments:
3,293

Rodeo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
119.24% 4.16%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,344 / per month

Homeownership Rate

Homeownership
Owners 61.22
Renters 38.78
Vacant 1.70

Housing Market Details

 

Age of Homes

AGE OF Rodeo HOMES
2000 or Newer 10.1
1970 - 1999 44.2
1940 - 1969 29.5
1939 or Older 16.2

Types of Homes

TYPE OF Rodeo HOMES
Single-Family 72.1
Townhomes 3.0
Small Apt. Buildings 15.0
Apt. Complexes 9.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Rodeo HOMES
No Bedroom 0.93
1 Bedroom 7.76
2 Bedrooms 23.25
3 Bedrooms 42.60
4 Bedrooms 18.63
5 or more bedrooms 6.84