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 30,905 people, 10,898 houses or apartments, and a median cost of homes of $2,553,292, Saratoga house prices are not only among the most expensive in California, Saratoga real estate also is some of the most expensive in all of America.
Saratoga is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Saratoga than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saratoga. Owner-occupied housing accounts for 83.82% of Saratoga's homes, and 68.47% 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. Saratoga's housing was primarily built during this period, from the '40s through the '60s. A full 54.70% of the city's housing hails from this era. Other housing ages represented in Saratoga include homes built between 1970-1999 ( 34.10%) and housing constructed between 2000 and later ( 7.68%). There's also some housing in Saratoga built before 1939 ( 3.53%).
In the last 10 years, Saratoga has experienced some of the highest home appreciation rates of any community in the nation. Saratoga real estate appreciated 123.77% over the last ten years, which is an average annual home appreciation rate of 8.39%, putting Saratoga in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Saratoga definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Saratoga appreciation rates have trailed the rest of the nation. In the last twelve months, Saratoga's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saratoga were at -1.57%, which equates to an annual appreciation rate of -6.11%.
Notably, Saratoga's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Saratoga's latest annual appreciation rate is lower 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 Saratoga differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saratoga - 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 Saratoga real estate investment or home purchase decisions.
|$933,001 - $1,244,000||4.8|
|$622,001 - $933,000||1.8|
|$498,001 - $622,000||1.1|
|$373,001 - $498,000||0.4|
|$249,001 - $373,000||0.9|
|$125,001 - $249,000||0.9|
|$62,001 - $125,000||0.3|
|$0 - $62,000||1.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Saratoga HOMES|
|2000 or Newer||7.7|
|1970 - 1999||34.1|
|1940 - 1969||54.7|
|1939 or Older||3.5|
|TYPE OF Saratoga HOMES|
|Small Apt. Buildings||1.6|
|SIZE OF Saratoga HOMES|
|5 or more bedrooms||19.49|