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 157,218, 40,461 total housing units (homes and apartments), and a median house value of $367,390, 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 53.76% of the city's housing units. Other types of housing that are prevalent in Salinas include large apartment complexes or high rise apartments ( 27.41%), duplexes, homes converted to apartments or other small apartment buildings ( 9.12%), and a few row houses and other attached homes ( 6.10%).
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 42.61% owning and 57.39% 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 ( 33.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.46%). There's also some housing in Salinas built before 1939 ( 5.80%).
Appreciation rates for homes in Salinas have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.25%, which ranks in the top 30% nationwide. This equates to an annual average Salinas house appreciation rate of 1.60%.
Over the last year, Salinas appreciation rates have trailed the rest of the nation. In the last twelve months, Salinas's appreciation rate has been 3.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salinas were at 3.09%, which equates to an annual appreciation rate of 12.96%.
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 lower than 90% 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.
|$1,062,001 - $1,417,000||0.3|
|$709,001 - $1,062,000||6.2|
|$566,001 - $709,000||11.7|
|$425,001 - $566,000||24.5|
|$283,001 - $425,000||27.9|
|$142,001 - $283,000||18.3|
|$71,001 - $142,000||4.3|
|$0 - $71,000||6.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
2000 Q1 - 2018 Q2
|* 10 is highest|
|AGE OF Salinas HOMES|
|2000 or Newer||9.5|
|1970 - 1999||51.3|
|1940 - 1969||33.4|
|1939 or Older||5.8|
|TYPE OF Salinas HOMES|
|Small Apt. Buildings||9.1|
|SIZE OF Salinas HOMES|
|5 or more bedrooms||3.00|