San Marcos, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

San Marcos, CA Housing Market Trends

With a population of 96,664, 29,771 total housing units (homes and apartments), and a median house value of $573,795, real estate costs in San Marcos 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 Marcos, accounting for 50.95% of the city's housing units. Other types of housing that are prevalent in San Marcos include large apartment complexes or high rise apartments ( 23.56%), mobile homes or trailers ( 12.79%), and a few row houses and other attached homes ( 9.00%).

The most prevalent building size and type in San Marcos are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.63% owning and 38.37% renting.

There is a lot of housing in San Marcos 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 San Marcos built between 2000 and later ( 37.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.06%).

San Marcos Home Appreciation Rates

In the last 10 years, San Marcos has experienced some of the highest home appreciation rates of any community in the nation. San Marcos real estate appreciated 93.26% over the last ten years, which is an average annual home appreciation rate of 6.81%, putting San Marcos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Marcos definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, San Marcos's appreciation rate, at 9.73%, has been at or slightly above the national average. In the latest quarter, San Marcos's appreciation rate has been 3.96%, which annualizes to a rate of 16.82%.

Importantly, this makes San Marcos 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 San Marcos's latest annual appreciation rate is lower than 50% 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 San Marcos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Marcos - 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 Marcos real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$573,795

San Marcos, CA HOME PRICES

> $1,249,000
6.7%
6.7%
$937,001 - $1,249,000
10.6%
10.6%
$625,001 - $937,000
33.4%
33.4%
$499,001 - $625,000
18.5%
18.5%
$375,001 - $499,000
9.3%
9.3%
$250,001 - $375,000
7.6%
7.6%
$125,001 - $250,000
6.9%
6.9%
$62,001 - $125,000
4.7%
4.7%
$0 - $62,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
29,771

San Marcos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
151.34% 4.38%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,869 / per month

Homeownership Rate

Owners
61.6%
61.6%
Renters
38.4%
38.4%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.3%
37.3%
1970 - 1999
56.1%
56.1%
1940 - 1969
6.1%
6.1%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.0%
51.0%
Townhomes
9.0%
9.0%
Small Apt. Buildings
3.7%
3.7%
Apt. Complexes
23.6%
23.6%
Mobile Homes
12.8%
12.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
7.4%
7.4%
2 Bedrooms
29.8%
29.8%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
23.4%
23.4%
5 or more bedrooms
6.5%
6.5%
0.0% 100.0%
% OF HOMES