Soledad, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Soledad Neighborhoods Since 2000




Soledad, 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

Soledad Housing Market Information

With 25,003 people, 3,629 houses or apartments, and a median cost of homes of $339,882, real estate costs in Soledad 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 Soledad, accounting for 78.59% of the city's housing units. Other types of housing that are prevalent in Soledad include large apartment complexes or high rise apartments ( 9.70%), duplexes, homes converted to apartments or other small apartment buildings ( 5.94%), and a few mobile homes or trailers ( 3.81%).

Renters dominate Soledad's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Soledad 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 Soledad built between 2000 and later ( 34.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.85%). There's also some housing in Soledad built before 1939 ( 3.99%).

Soledad Home Appreciation Rates

Homes have actually lost value in Soledad over the last then years, as home values have seen a decline of 31.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Soledad home appreciation rates at 2.53%, which equates to an annual appreciation rate of 10.52%.

Appreciation rates are so strong in Soledad that despite a nationwide downturn in the housing market, Soledad real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Soledad appreciation rates continue to be some of the highest in America, at 9.23%, which is higher than appreciation rates in 91.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Soledad. Soledad appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.52%.

Importantly, this makes Soledad 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 Soledad's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$339,882

Soledad, CA HOME PRICES

Value Range
> $1,563,000 2.0
$1,172,001 - $1,563,000 1.1
$781,001 - $1,172,000 1.7
$625,001 - $781,000 5.1
$469,001 - $625,000 12.4
$312,001 - $469,000 36.5
$156,001 - $312,000 28.3
$78,001 - $156,000 4.8
$0 - $78,000 8.0

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
12.9673034102895 61.9047619047619

Number Of Homes And Apartments:
3,629

Soledad 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
59.51% 2.74% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,625 / per month

Homeownership Rate

Homeownership
Owners 33.87
Renters 66.13
Vacant 4.65

Housing Market Details

 

Age of Homes

AGE OF Soledad HOMES
2000 or Newer 34.8
1970 - 1999 47.4
1940 - 1969 13.8
1939 or Older 4.0

Types of Homes

TYPE OF Soledad HOMES
Single-Family 78.6
Townhomes 2.0
Small Apt. Buildings 5.9
Apt. Complexes 9.7
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Soledad HOMES
No Bedroom 1.02
1 Bedroom 3.13
2 Bedrooms 23.57
3 Bedrooms 35.05
4 Bedrooms 28.69
5 or more bedrooms 8.54

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Zip Codes in Soledad, CA