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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 12,947 people, 5,131 houses or apartments, and a median cost of homes of $341,989, California real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in California, accounting for 67.46% of the town's housing units. Other types of housing that are prevalent in California include large apartment complexes or high rise apartments ( 16.03%), row houses and other attached homes ( 13.59%), and a few mobile homes or trailers ( 2.05%).
The most prevalent building size and type in California are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.91% owning and 36.09% renting.
There is a lot of housing in California 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 California built between 2000 and later ( 36.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.86%).
California's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in California during the period has been just 4.15%, which is lower than 80% of US communities.
Appreciation rates are so strong in California that despite a nationwide downturn in the housing market, California real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, California appreciation rates continue to be some of the highest in America, at 9.14%, which is higher than appreciation rates in 92.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in California. California appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.38%.
Importantly, this makes California one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that California's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within California differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in California - 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 California real estate investment or home purchase decisions.
$341,989
for Maryland
for nation
5,131
$2,501 / per month