Shafter, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shafter Neighborhoods Since 2000




Shafter, 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

Shafter Housing Market Information

With a population of 18,336, 4,394 total housing units (homes and apartments), and a median house value of $182,966, Shafter real estate values are some of the lowest in California, although compared to real estate around the nation, Shafter homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Shafter, accounting for 74.59% of the city's housing units. Other types of housing that are prevalent in Shafter include duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), large apartment complexes or high rise apartments ( 7.53%), and a few mobile homes or trailers ( 3.74%).

The most prevalent building size and type in Shafter are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.35% owning and 48.65% renting.

There is a lot of housing in Shafter 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 Shafter built between 1940-1969 ( 30.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 27.38%). There's also some housing in Shafter built before 1939 ( 5.26%).

Shafter Home Appreciation Rates

Homes have actually lost value in Shafter over the last then years, as home values have seen a decline of 27.06% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Shafter home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

NeighborhoodScout's data show that during the latest twelve months, Shafter's appreciation rate, at 3.35%, has been at or slightly above the national average. In the latest quarter, Shafter's appreciation rate has been -0.13%, which annualizes to a rate of -0.52%.

Relative to California, our data show that Shafter's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$182,966

Shafter, CA HOME PRICES

Value Range
> $1,282,000 1.2
$961,001 - $1,282,000 0.8
$641,001 - $961,000 0.2
$513,001 - $641,000 2.0
$384,001 - $513,000 3.2
$257,001 - $384,000 10.6
$128,001 - $257,000 51.4
$64,001 - $128,000 18.7
$0 - $64,000 11.9

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
37.1498886675261 89.6825396825397

Number Of Homes And Apartments:
4,394

Shafter 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
86.92% 3.69% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Homeownership
Owners 51.35
Renters 48.65
Vacant 4.89

Housing Market Details

 

Age of Homes

AGE OF Shafter HOMES
2000 or Newer 27.4
1970 - 1999 37.0
1940 - 1969 30.3
1939 or Older 5.3

Types of Homes

TYPE OF Shafter HOMES
Single-Family 74.6
Townhomes 2.3
Small Apt. Buildings 11.4
Apt. Complexes 7.5
Mobile Homes 3.7
Other 0.4

Home Size

SIZE OF Shafter HOMES
No Bedroom 1.84
1 Bedroom 6.04
2 Bedrooms 26.06
3 Bedrooms 43.55
4 Bedrooms 21.41
5 or more bedrooms 1.10

Popular Communities Near Shafter, CA

Zip Codes in Shafter, CA