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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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, 14,053 houses or apartments, and a median cost of homes of $485,175, 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 53.45% of the city's housing units. Other types of housing that are prevalent in Watsonville include large apartment complexes or high rise apartments ( 19.97%), duplexes, homes converted to apartments or other small apartment buildings ( 11.34%), and a few row houses and other attached homes ( 8.91%).

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 ( 30.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.12%). There's also some housing in Watsonville built before 1939 ( 10.99%).

Watsonville Home Appreciation Rates

Appreciation rates for homes in Watsonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.24%, which ranks in the top 30% nationwide. This equates to an annual average Watsonville house appreciation rate of 2.44%.

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 7.69%, which is higher than appreciation rates in 80.27% 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 -0.35%, which equates to an annual appreciation rate of -1.38%.

Notably, Watsonville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Watsonville's latest annual appreciation rate is lower than 70% 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:
$485,175

Watsonville, CA HOME PRICES

Value Range
> $1,396,000 1.2
$1,047,001 - $1,396,000 2.5
$698,001 - $1,047,000 11.8
$558,001 - $698,000 22.2
$419,001 - $558,000 25.6
$279,001 - $419,000 18.8
$139,001 - $279,000 10.1
$70,001 - $139,000 4.6
$0 - $70,000 3.3

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.72554744525547 49.4102228047182

Number Of Homes And Apartments:
14,053

Watsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
73.49% 2.98%
1
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,143 / per month

Homeownership Rate

Homeownership
Owners 39.28
Renters 60.72
Vacant 3.08

Housing Market Details

 

Age of Homes

AGE OF Watsonville HOMES
2000 or Newer 16.1
1970 - 1999 42.8
1940 - 1969 30.1
1939 or Older 11.0

Types of Homes

TYPE OF Watsonville HOMES
Single-Family 53.4
Townhomes 8.9
Small Apt. Buildings 11.3
Apt. Complexes 20.0
Mobile Homes 6.0
Other 0.3

Home Size

SIZE OF Watsonville HOMES
No Bedroom 5.78
1 Bedroom 9.66
2 Bedrooms 36.63
3 Bedrooms 34.18
4 Bedrooms 11.83
5 or more bedrooms 1.92