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 4,524 people, 1,970 houses or apartments, and a median cost of homes of $1,359,214, Carmel Valley house prices are not only among the most expensive in California, Carmel Valley real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Carmel Valley, accounting for 79.67% of the town's housing units. Other types of housing that are prevalent in Carmel Valley include row houses and other attached homes ( 10.08%), mobile homes or trailers ( 4.40%), and a few large apartment complexes or high rise apartments ( 4.19%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carmel Valley. Owner-occupied housing accounts for 79.50% of Carmel Valley's homes, and 59.33% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Carmel Valley's housing was primarily built during this period, from the '40s through the '60s. A full 51.35% of the town's housing hails from this era. Other housing ages represented in Carmel Valley include homes built between 1970-1999 ( 33.19%) and housing constructed before 1939 ( 8.16%). There's also some housing in Carmel Valley built between 2000 and later ( 7.30%).
Vacant housing appears to be an issue in Carmel Valley. Fully 15.85% of the housing stock is classified as vacant. Left unchecked, vacant Carmel Valley homes and apartments can be a drag on the real estate market, holding Carmel Valley 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.
Appreciation rates for homes in Carmel Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.66%, which ranks in the top 50% nationwide. This equates to an annual average Carmel Valley house appreciation rate of 6.72%.
Appreciation rates are so strong in Carmel Valley that despite a nationwide downturn in the housing market, Carmel Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carmel Valley appreciation rates continue to be some of the highest in America, at 12.57%, which is higher than appreciation rates in 76.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carmel Valley. Carmel Valley appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.63%.
Relative to California, our data show that Carmel Valley's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
$1,359,214
for California
for nation
1,970
$4,746 / per month