Vallejo, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Vallejo Neighborhoods Since 2000




Vallejo, 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

Vallejo Housing Market Information

With 121,253 people, 41,216 houses or apartments, and a median cost of homes of $357,040, real estate costs in Vallejo 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 Vallejo, accounting for 67.52% of the city's housing units. Other types of housing that are prevalent in Vallejo include large apartment complexes or high rise apartments ( 15.41%), duplexes, homes converted to apartments or other small apartment buildings ( 11.07%), and a few row houses and other attached homes ( 3.09%).

The most prevalent building size and type in Vallejo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.69% owning and 44.31% renting.

There is a lot of housing in Vallejo 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 Vallejo built between 1940-1969 ( 33.09%). A lesser amount of the housing stock also hails from before 1939 ( 14.82%). There's also some housing in Vallejo built between 2000 and later ( 7.99%).

Vacant housing appears to be an issue in Vallejo. Fully 10.19% of the housing stock is classified as vacant. Left unchecked, vacant Vallejo homes and apartments can be a drag on the real estate market, holding Vallejo 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.

Vallejo Home Appreciation Rates

Homes have actually lost value in Vallejo over the last then years, as home values have seen a decline of 25.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Vallejo home appreciation rates at 2.09%, which equates to an annual appreciation rate of 8.61%.

Appreciation rates are so strong in Vallejo that despite a nationwide downturn in the housing market, Vallejo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vallejo appreciation rates continue to be some of the highest in America, at 13.69%, which is higher than appreciation rates in 98.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vallejo. Vallejo appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.61%.

Importantly, this makes Vallejo 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 Vallejo's latest annual appreciation rate is higher than 90% 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 Vallejo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vallejo - 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 Vallejo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$357,040

Vallejo, CA HOME PRICES

Value Range
> $1,589,000 0.5
$1,192,001 - $1,589,000 0.3
$794,001 - $1,192,000 3.5
$636,001 - $794,000 7.2
$477,001 - $636,000 16.1
$318,001 - $477,000 30.4
$159,001 - $318,000 29.0
$80,001 - $159,000 6.6
$0 - $80,000 6.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
11.6723309504278 59.1269841269841

Number Of Homes And Apartments:
41,216

Vallejo 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
59.15% 2.73% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,703 / per month

Homeownership Rate

Homeownership
Owners 55.69
Renters 44.31
Vacant 10.19

Housing Market Details

 

Age of Homes

AGE OF Vallejo HOMES
2000 or Newer 8.0
1970 - 1999 44.1
1940 - 1969 33.1
1939 or Older 14.8

Types of Homes

TYPE OF Vallejo HOMES
Single-Family 67.5
Townhomes 3.1
Small Apt. Buildings 11.1
Apt. Complexes 15.4
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Vallejo HOMES
No Bedroom 2.02
1 Bedroom 10.45
2 Bedrooms 27.03
3 Bedrooms 35.71
4 Bedrooms 21.30
5 or more bedrooms 3.49