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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 157,380, 40,892 total housing units (homes and apartments), and a median house value of $374,719, real estate costs in Salinas 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 Salinas, accounting for 53.86% of the city's housing units. Other types of housing that are prevalent in Salinas include large apartment complexes or high rise apartments ( 26.69%), duplexes, homes converted to apartments or other small apartment buildings ( 9.43%), and a few row houses and other attached homes ( 6.47%).
The most prevalent building size and type in Salinas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.16% owning and 57.84% renting.
There is a lot of housing in Salinas 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 Salinas built between 1940-1969 ( 34.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.68%). There's also some housing in Salinas built before 1939 ( 5.25%).
Homes have actually lost value in Salinas over the last then years, as home values have seen a decline of 29.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Salinas home appreciation rates at 2.53%, which equates to an annual appreciation rate of 10.52%.
Appreciation rates are so strong in Salinas that despite a nationwide downturn in the housing market, Salinas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Salinas appreciation rates continue to be some of the highest in America, at 8.39%, which is higher than appreciation rates in 88.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Salinas. Salinas appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.52%.
Importantly, this makes Salinas 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 Salinas's latest annual appreciation rate is higher than 60% 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 Salinas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Salinas - 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 Salinas real estate investment or home purchase decisions.
|$1,092,001 - $1,456,000||0.4|
|$728,001 - $1,092,000||3.4|
|$583,001 - $728,000||8.9|
|$437,001 - $583,000||21.6|
|$291,001 - $437,000||30.9|
|$145,001 - $291,000||22.9|
|$73,001 - $145,000||4.2|
|$0 - $73,000||7.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Salinas HOMES|
|2000 or Newer||9.7|
|1970 - 1999||50.8|
|1940 - 1969||34.3|
|1939 or Older||5.2|
|TYPE OF Salinas HOMES|
|Small Apt. Buildings||9.4|
|SIZE OF Salinas HOMES|
|5 or more bedrooms||2.96|