Watsonville, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Watsonville, 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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Watsonville Housing Market Information

With 54,098 people, 14,132 houses or apartments, and a median cost of homes of $487,094, real estate costs in Watsonville 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 Watsonville, accounting for 51.63% of the city's housing units. Other types of housing that are prevalent in Watsonville include large apartment complexes or high rise apartments ( 19.46%), duplexes, homes converted to apartments or other small apartment buildings ( 12.69%), and a few row houses and other attached homes ( 9.06%).

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

There is a lot of housing in Watsonville 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 Watsonville built between 1940-1969 ( 31.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.84%). There's also some housing in Watsonville built before 1939 ( 11.61%).

Watsonville Home Appreciation Rates

In the last 10 years, Watsonville has experienced some of the highest home appreciation rates of any community in the nation. Watsonville real estate appreciated 42.08% over the last ten years, which is an average annual home appreciation rate of 3.57%, putting Watsonville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Watsonville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Watsonville that despite a nationwide downturn in the housing market, Watsonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Watsonville appreciation rates continue to be some of the highest in America, at 8.44%, which is higher than appreciation rates in 83.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Watsonville. Watsonville appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.

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

Average Home Values

 

Median Home Value:
$487,094

Watsonville, CA HOME PRICES

Value Range
> $1,307,000 1.6
$980,001 - $1,307,000 2.8
$653,001 - $980,000 19.0
$523,001 - $653,000 24.8
$392,001 - $523,000 22.0
$262,001 - $392,000 14.7
$130,001 - $262,000 8.8
$65,001 - $130,000 3.6
$0 - $65,000 2.6

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.70802919708029 48.2306684141547

Number Of Homes And Apartments:
14,132

Watsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
78.87% 3.07%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,400 / per month

Homeownership Rate

Homeownership
Owners 41.25
Renters 58.75
Vacant 2.73

Housing Market Details

 

Age of Homes

AGE OF Watsonville HOMES
2000 or Newer 15.8
1970 - 1999 41.3
1940 - 1969 31.3
1939 or Older 11.6

Types of Homes

TYPE OF Watsonville HOMES
Single-Family 51.6
Townhomes 9.1
Small Apt. Buildings 12.7
Apt. Complexes 19.5
Mobile Homes 7.0
Other 0.2

Home Size

SIZE OF Watsonville HOMES
No Bedroom 5.76
1 Bedroom 11.08
2 Bedrooms 35.21
3 Bedrooms 33.71
4 Bedrooms 12.04
5 or more bedrooms 2.20