Watsonville, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Watsonville Neighborhoods Since 2000




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 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

Watsonville Housing Market Information

With 53,628 people, 14,216 houses or apartments, and a median cost of homes of $422,637, 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 54.77% of the city's housing units. Other types of housing that are prevalent in Watsonville include large apartment complexes or high rise apartments ( 17.42%), duplexes, homes converted to apartments or other small apartment buildings ( 14.57%), and a few row houses and other attached homes ( 7.03%).

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 ( 29.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.41%). There's also some housing in Watsonville built before 1939 ( 11.87%).

Watsonville Home Appreciation Rates

Watsonville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Watsonville during the period has been just -2.02%, which is lower than 80% of US communities.

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 9.91%, which is higher than appreciation rates in 93.65% 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 1.54%, which equates to an annual appreciation rate of 6.32%.

Relative to California, our data show that Watsonville's latest annual appreciation rate is higher than 80% 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:
$422,637

Watsonville, CA HOME PRICES

Value Range
> $1,360,000 0.9
$1,020,001 - $1,360,000 2.8
$680,001 - $1,020,000 7.0
$544,001 - $680,000 18.4
$408,001 - $544,000 27.4
$272,001 - $408,000 23.7
$136,001 - $272,000 11.0
$68,001 - $136,000 5.7
$0 - $68,000 3.0

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.4261103949373 50.6613756613757

Number Of Homes And Apartments:
14,216

Watsonville 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
55.78% 2.60% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,881 / per month

Homeownership Rate

Homeownership
Owners 39.31
Renters 60.69
Vacant 3.58

Housing Market Details

 

Age of Homes

AGE OF Watsonville HOMES
2000 or Newer 14.4
1970 - 1999 44.6
1940 - 1969 29.1
1939 or Older 11.9

Types of Homes

TYPE OF Watsonville HOMES
Single-Family 54.8
Townhomes 7.0
Small Apt. Buildings 14.6
Apt. Complexes 17.4
Mobile Homes 5.9
Other 0.3

Home Size

SIZE OF Watsonville HOMES
No Bedroom 5.04
1 Bedroom 10.62
2 Bedrooms 35.94
3 Bedrooms 35.75
4 Bedrooms 10.74
5 or more bedrooms 1.91