Taft, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Taft Neighborhoods Since 2000




Taft, 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

Taft Housing Market Information

With 9,495 people, 2,306 houses or apartments, and a median cost of homes of $178,866, Taft real estate values are some of the lowest in California, although compared to real estate around the nation, Taft homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Taft, accounting for 71.62% of the city's housing units. Other types of housing that are prevalent in Taft include large apartment complexes or high rise apartments ( 12.00%), duplexes, homes converted to apartments or other small apartment buildings ( 10.40%), and a few mobile homes or trailers ( 5.12%).

The most prevalent building size and type in Taft are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.38% owning and 60.62% renting.

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. Taft's housing was primarily built during this period, from the '40s through the '60s. A full 44.18% of the city's housing hails from this era. Other housing ages represented in Taft include homes built between 1970-1999 ( 34.32%) and housing constructed before 1939 ( 13.33%). There's also some housing in Taft built between 2000 and later ( 8.17%).

Taft Home Appreciation Rates

Homes have actually lost value in Taft over the last then years, as home values have seen a decline of 26.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Taft home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

Appreciation rates are so strong in Taft that despite a nationwide downturn in the housing market, Taft real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taft appreciation rates continue to be some of the highest in America, at 6.50%, which is higher than appreciation rates in 77.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taft. Taft appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to California, our data show that Taft's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$178,866

Taft, CA HOME PRICES

Value Range
> $1,336,000 0.1
$1,002,001 - $1,336,000 0.9
$668,001 - $1,002,000 0.6
$535,001 - $668,000 2.4
$401,001 - $535,000 2.9
$267,001 - $401,000 15.8
$134,001 - $267,000 39.1
$67,001 - $134,000 20.4
$0 - $67,000 17.8

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
38.5268955818587 90.4761904761905

Number Of Homes And Apartments:
2,306

Taft 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
77.49% 3.38% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$981 / per month

Homeownership Rate

Homeownership
Owners 39.38
Renters 60.62
Vacant 9.85

Housing Market Details

 

Age of Homes

AGE OF Taft HOMES
2000 or Newer 8.2
1970 - 1999 34.3
1940 - 1969 44.2
1939 or Older 13.3

Types of Homes

TYPE OF Taft HOMES
Single-Family 71.6
Townhomes 0.9
Small Apt. Buildings 10.4
Apt. Complexes 12.0
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Taft HOMES
No Bedroom 2.38
1 Bedroom 16.07
2 Bedrooms 21.34
3 Bedrooms 40.97
4 Bedrooms 18.84
5 or more bedrooms 0.39

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Zip Codes in Taft, CA