San Lorenzo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating San Lorenzo Neighborhoods Since 2000




San Lorenzo, 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

San Lorenzo Housing Market Information

With 24,695 people, 7,395 houses or apartments, and a median cost of homes of $538,932, real estate costs in San Lorenzo 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 San Lorenzo, accounting for 85.68% of the town's housing units. Other types of housing that are prevalent in San Lorenzo include large apartment complexes or high rise apartments ( 6.77%), row houses and other attached homes ( 3.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Lorenzo. Owner-occupied housing accounts for 71.82% of San Lorenzo's homes, and 81.82% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. San Lorenzo's housing was primarily built during this period, from the '40s through the '60s. A full 83.86% of the town's housing hails from this era. Other housing ages represented in San Lorenzo include homes built between 1970-1999 ( 13.54%) and housing constructed between 2000 and later ( 1.99%).

San Lorenzo Home Appreciation Rates

Real estate appreciation rates in San Lorenzo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Appreciation rates are so strong in San Lorenzo that despite a nationwide downturn in the housing market, San Lorenzo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Lorenzo appreciation rates continue to be some of the highest in America, at 9.70%, which is higher than appreciation rates in 92.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Lorenzo. San Lorenzo appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes San Lorenzo 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 San Lorenzo's latest annual appreciation rate is higher than 80% 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 town. Individual neighborhoods within San Lorenzo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Lorenzo - 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 San Lorenzo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$538,932

San Lorenzo, CA HOME PRICES

Value Range
> $1,480,000 0.6
$1,111,001 - $1,480,000 0.3
$740,001 - $1,111,000 13.7
$592,001 - $740,000 22.9
$444,001 - $592,000 36.5
$296,001 - $444,000 17.4
$148,001 - $296,000 3.4
$74,001 - $148,000 1.3
$0 - $74,000 3.9

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.939646079925 34.7883597883598

Number Of Homes And Apartments:
7,395

San Lorenzo 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
84.95% 3.63% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,199 / per month

Homeownership Rate

Homeownership
Owners 71.82
Renters 28.18
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF San Lorenzo HOMES
2000 or Newer 2.0
1970 - 1999 13.5
1940 - 1969 83.9
1939 or Older 0.6

Types of Homes

TYPE OF San Lorenzo HOMES
Single-Family 85.7
Townhomes 3.8
Small Apt. Buildings 1.9
Apt. Complexes 6.8
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF San Lorenzo HOMES
No Bedroom 0.45
1 Bedroom 5.61
2 Bedrooms 9.86
3 Bedrooms 69.65
4 Bedrooms 12.17
5 or more bedrooms 2.25