Sonoma, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sonoma, CA Real Estate Data


Sonoma Housing Market Information

With 11,037 people, 4,978 houses or apartments, and a median cost of homes of $883,555, Sonoma house prices are not only among the most expensive in California, Sonoma real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sonoma, accounting for 53.44% of the city's housing units. Other types of housing that are prevalent in Sonoma include row houses and other attached homes ( 16.63%), duplexes, homes converted to apartments or other small apartment buildings ( 14.10%), and a few large apartment complexes or high rise apartments ( 9.39%).

People in Sonoma primarily live in small (one, two or no bedroom) single-family detached homes. Sonoma has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sonoma 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 Sonoma built between 1940-1969 ( 27.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.48%). There's also some housing in Sonoma built before 1939 ( 7.69%).

Sonoma Home Appreciation Rates

Appreciation rates for homes in Sonoma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.47%, which ranks in the top 40% nationwide. This equates to an annual average Sonoma house appreciation rate of 1.00%.

Appreciation rates are so strong in Sonoma that despite a nationwide downturn in the housing market, Sonoma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sonoma appreciation rates continue to be some of the highest in America, at 7.95%, which is higher than appreciation rates in 91.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sonoma. Sonoma appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.25%.

Relative to California, our data show that Sonoma's latest annual appreciation rate is higher than 80% 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 Sonoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sonoma - 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 Sonoma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$883,555

Sonoma, CA HOME PRICES

Value Range
> $1,465,000 16.7
$1,099,001 - $1,465,000 21.7
$732,001 - $1,099,000 19.4
$586,001 - $732,000 14.0
$439,001 - $586,000 8.8
$293,001 - $439,000 3.5
$147,001 - $293,000 2.7
$73,001 - $147,000 3.8
$0 - $73,000 9.3

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.57521812964806 15.3236459709379

Number Of Homes And Apartments:
4,978

Rent & Ownership

 

Average Market Rent:
$2,023 / per month

Homeownership Rate

Homeownership
Owners 53.23
Renters 46.77
Vacant 6.69

Housing Market Details

 

Age of Homes

AGE OF Sonoma HOMES
2000 or Newer 13.5
1970 - 1999 51.7
1940 - 1969 27.1
1939 or Older 7.7

Types of Homes

TYPE OF Sonoma HOMES
Single-Family 53.4
Townhomes 16.6
Small Apt. Buildings 14.1
Apt. Complexes 9.4
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Sonoma HOMES
No Bedroom 0.75
1 Bedroom 9.93
2 Bedrooms 38.11
3 Bedrooms 39.64
4 Bedrooms 8.87
5 or more bedrooms 2.70

Sonoma 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
78.47% 3.47% 5 9
* 10 is highest