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 a population of 80,598, 27,339 total housing units (homes and apartments), and a median house value of $619,362, real estate costs in Rancho Cordova 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 Rancho Cordova, accounting for 60.65% of the city's housing units. Other types of housing that are prevalent in Rancho Cordova include large apartment complexes or high rise apartments ( 19.40%), row houses and other attached homes ( 9.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.92%).
The most prevalent building size and type in Rancho Cordova are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.68% owning and 42.32% renting.
There is a lot of housing in Rancho Cordova 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 Rancho Cordova built between 1940-1969 ( 28.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.09%).
In the last 10 years, Rancho Cordova has experienced some of the highest home appreciation rates of any community in the nation. Rancho Cordova real estate appreciated 187.09% over the last ten years, which is an average annual home appreciation rate of 11.12%, putting Rancho Cordova in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rancho Cordova 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 Rancho Cordova that despite a nationwide downturn in the housing market, Rancho Cordova real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rancho Cordova appreciation rates continue to be some of the highest in America, at 30.00%, which is higher than appreciation rates in 99.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rancho Cordova. Rancho Cordova appreciation rates in the latest quarter were at 31.92%, which equates to an annual appreciation rate of 202.90%.
Importantly, NeighborhoodScout’s exclusive research found that Rancho Cordova's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Rancho Cordova's latest annual appreciation rate is higher than 90% 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 Rancho Cordova differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rancho Cordova - 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 Rancho Cordova real estate investment or home purchase decisions.
$619,362
for California
for nation
27,339
$2,582 / per month