Turlock, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Turlock Neighborhoods Since 2000




Turlock, 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

Turlock Housing Market Information

With 72,292 people, 23,983 houses or apartments, and a median cost of homes of $340,028, real estate costs in Turlock 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 Turlock, accounting for 68.47% of the city's housing units. Other types of housing that are prevalent in Turlock include large apartment complexes or high rise apartments ( 15.46%), duplexes, homes converted to apartments or other small apartment buildings ( 8.06%), and a few row houses and other attached homes ( 4.94%).

The most prevalent building size and type in Turlock are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.79% owning and 48.21% renting.

There is a lot of housing in Turlock 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 Turlock built between 2000 and later ( 21.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.07%). There's also some housing in Turlock built before 1939 ( 5.72%).

Turlock Home Appreciation Rates

Homes have actually lost value in Turlock over the last then years, as home values have seen a decline of 20.55% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Turlock home appreciation rates at 1.84%, which equates to an annual appreciation rate of 7.58%.

Appreciation rates are so strong in Turlock that despite a nationwide downturn in the housing market, Turlock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Turlock appreciation rates continue to be some of the highest in America, at 8.64%, which is higher than appreciation rates in 89.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Turlock. Turlock appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.58%.

Importantly, this makes Turlock 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 Turlock's latest annual appreciation rate is higher than 60% 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 Turlock differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Turlock - 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 Turlock real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$340,028

Turlock, CA HOME PRICES

Value Range
> $1,387,000 0.6
$1,040,001 - $1,387,000 0.7
$693,001 - $1,040,000 1.9
$555,001 - $693,000 4.9
$416,001 - $555,000 14.5
$277,001 - $416,000 27.3
$138,001 - $277,000 36.2
$69,001 - $138,000 7.2
$0 - $69,000 6.8

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
12.9497245986171 61.7724867724868

Number Of Homes And Apartments:
23,983

Turlock 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
75.55% 3.32% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,167 / per month

Homeownership Rate

Homeownership
Owners 51.79
Renters 48.21
Vacant 5.39

Housing Market Details

 

Age of Homes

AGE OF Turlock HOMES
2000 or Newer 21.3
1970 - 1999 56.9
1940 - 1969 16.1
1939 or Older 5.7

Types of Homes

TYPE OF Turlock HOMES
Single-Family 68.5
Townhomes 4.9
Small Apt. Buildings 8.1
Apt. Complexes 15.5
Mobile Homes 3.0
Other 0.1

Home Size

SIZE OF Turlock HOMES
No Bedroom 2.22
1 Bedroom 8.24
2 Bedrooms 25.98
3 Bedrooms 41.78
4 Bedrooms 16.82
5 or more bedrooms 4.96