Soquel, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Soquel Neighborhoods Since 2000




Soquel, 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

Soquel Housing Market Information

With a population of 9,941, 3,901 total housing units (homes and apartments), and a median house value of $822,916, Soquel house prices are not only among the most expensive in California, Soquel 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 Soquel, accounting for 57.42% of the town's housing units. Other types of housing that are prevalent in Soquel include mobile homes or trailers ( 19.49%), duplexes, homes converted to apartments or other small apartment buildings ( 8.15%), and a few row houses and other attached homes ( 7.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Soquel. Owner-occupied housing accounts for 67.30% of Soquel's homes, and 55.65% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Soquel 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 Soquel built between 1940-1969 ( 22.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.09%). There's also some housing in Soquel built before 1939 ( 6.14%).

Soquel Home Appreciation Rates

Appreciation rates for homes in Soquel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.49%, which ranks in the top 40% nationwide. This equates to an annual average Soquel house appreciation rate of 0.54%.

Appreciation rates are so strong in Soquel that despite a nationwide downturn in the housing market, Soquel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Soquel appreciation rates continue to be some of the highest in America, at 8.53%, which is higher than appreciation rates in 89.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Soquel. Soquel appreciation rates in the latest quarter were at 1.54%, which equates to an annual appreciation rate of 6.32%.

Relative to California, our data show that Soquel's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$822,916

Soquel, CA HOME PRICES

Value Range
> $1,320,000 11.2
$990,001 - $1,320,000 22.6
$660,001 - $990,000 33.1
$528,001 - $660,000 8.2
$396,001 - $528,000 6.1
$264,001 - $396,000 5.3
$132,001 - $264,000 5.6
$66,001 - $132,000 2.5
$0 - $66,000 5.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.78717918668698 17.1957671957672

Number Of Homes And Apartments:
3,901

Soquel 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
66.48% 3.00% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,224 / per month

Homeownership Rate

Homeownership
Owners 67.30
Renters 32.70
Vacant 6.47

Housing Market Details

 

Age of Homes

AGE OF Soquel HOMES
2000 or Newer 9.1
1970 - 1999 62.0
1940 - 1969 22.8
1939 or Older 6.1

Types of Homes

TYPE OF Soquel HOMES
Single-Family 57.4
Townhomes 7.4
Small Apt. Buildings 8.2
Apt. Complexes 6.8
Mobile Homes 19.5
Other 0.7

Home Size

SIZE OF Soquel HOMES
No Bedroom 3.74
1 Bedroom 9.35
2 Bedrooms 29.66
3 Bedrooms 40.76
4 Bedrooms 14.89
5 or more bedrooms 1.61