Saratoga, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Saratoga, CA Real Estate Data


Saratoga Housing Market Information

With 30,968 people, 10,704 houses or apartments, and a median cost of homes of $2,549,433, 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 85.82% of Saratoga's homes, and 68.74% 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 55.39% of the city's housing hails from this era. Other housing ages represented in Saratoga include homes built between 1970-1999 ( 34.34%) and housing constructed between 2000 and later ( 6.60%). There's also some housing in Saratoga built before 1939 ( 3.67%).

Saratoga Home Appreciation Rates

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 67.17% over the last ten years, which is an average annual home appreciation rate of 5.27%, 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.

Appreciation rates are so strong in Saratoga that despite a nationwide downturn in the housing market, Saratoga real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saratoga appreciation rates continue to be some of the highest in America, at 10.66%, which is higher than appreciation rates in 98.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saratoga. Saratoga appreciation rates in the latest quarter were at 2.57%, which equates to an annual appreciation rate of 10.68%.

Relative to California, our data show that Saratoga's latest annual appreciation rate is higher 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 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.

Average Home Values

 

Median Home Value:
$2,549,433

Saratoga, CA HOME PRICES

Value Range
> $1,590,000 84.1
$1,193,001 - $1,590,000 8.1
$795,001 - $1,193,000 3.2
$636,001 - $795,000 0.7
$477,001 - $636,000 0.5
$318,001 - $477,000 0.8
$159,001 - $318,000 1.3
$79,001 - $159,000 0.4
$0 - $79,000 0.8

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.105404930608421 1.84940554821664

Number Of Homes And Apartments:
10,704

Rent & Ownership

 

Average Market Rent:
$3,313 / per month

Homeownership Rate

Homeownership
Owners 85.82
Renters 14.18
Vacant 4.94

Housing Market Details

 

Age of Homes

AGE OF Saratoga HOMES
2000 or Newer 6.6
1970 - 1999 34.3
1940 - 1969 55.4
1939 or Older 3.7

Types of Homes

TYPE OF Saratoga HOMES
Single-Family 84.1
Townhomes 7.1
Small Apt. Buildings 3.1
Apt. Complexes 5.3
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Saratoga HOMES
No Bedroom 0.00
1 Bedroom 4.69
2 Bedrooms 6.74
3 Bedrooms 27.10
4 Bedrooms 41.63
5 or more bedrooms 19.83

Saratoga Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
123.14% 4.83% 9 10
* 10 is highest