Sonora, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sonora Neighborhoods Since 2000




Sonora, 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

Sonora Housing Market Information

With 4,818 people, 2,220 houses or apartments, and a median cost of homes of $383,470, real estate costs in Sonora 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 Sonora, accounting for 62.76% of the city's housing units. Other types of housing that are prevalent in Sonora include large apartment complexes or high rise apartments ( 20.34%), duplexes, homes converted to apartments or other small apartment buildings ( 12.54%), and a few row houses and other attached homes ( 3.44%).

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

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. Sonora's housing was primarily built during this period, from the '40s through the '60s. A full 39.97% of the city's housing hails from this era. Other housing ages represented in Sonora include homes built between 1970-1999 ( 28.71%) and housing constructed before 1939 ( 22.95%). There's also some housing in Sonora built between 2000 and later ( 8.37%).

Vacant housing appears to be an issue in Sonora. Fully 11.09% of the housing stock is classified as vacant. Left unchecked, vacant Sonora homes and apartments can be a drag on the real estate market, holding Sonora real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sonora Home Appreciation Rates

Homes have actually lost value in Sonora over the last then years, as home values have seen a decline of 20.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sonora home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.

Appreciation rates are so strong in Sonora that despite a nationwide downturn in the housing market, Sonora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sonora appreciation rates continue to be some of the highest in America, at 6.44%, which is higher than appreciation rates in 77.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sonora. Sonora appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Sonora 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 Sonora's latest annual appreciation rate is lower than 70% 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 Sonora differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sonora - 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 Sonora real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$383,470

Sonora, CA HOME PRICES

Value Range
> $1,254,000 1.4
$940,001 - $1,254,000 1.7
$627,001 - $940,000 4.7
$501,001 - $627,000 14.9
$376,001 - $501,000 19.0
$251,001 - $376,000 38.6
$125,001 - $251,000 19.0
$63,001 - $125,000 0.8
$0 - $63,000 0.0

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
10.2367279971874 55.4232804232804

Number Of Homes And Apartments:
2,220

Sonora 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
64.61% 2.93% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,220 / per month

Homeownership Rate

Homeownership
Owners 36.64
Renters 63.36
Vacant 11.09

Housing Market Details

 

Age of Homes

AGE OF Sonora HOMES
2000 or Newer 8.4
1970 - 1999 28.7
1940 - 1969 40.0
1939 or Older 22.9

Types of Homes

TYPE OF Sonora HOMES
Single-Family 62.8
Townhomes 3.4
Small Apt. Buildings 12.5
Apt. Complexes 20.3
Mobile Homes 0.8
Other 0.2

Home Size

SIZE OF Sonora HOMES
No Bedroom 4.89
1 Bedroom 19.62
2 Bedrooms 35.44
3 Bedrooms 28.51
4 Bedrooms 7.33
5 or more bedrooms 4.21

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Zip Codes in Sonora, CA