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 10,466 people, 5,338 houses or apartments, and a median cost of homes of $1,170,832, real estate costs in Sonoma 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 Sonoma, accounting for 59.00% of the city's housing units. Other types of housing that are prevalent in Sonoma include large apartment complexes or high rise apartments ( 14.67%), duplexes, homes converted to apartments or other small apartment buildings ( 11.10%), and a few row houses and other attached homes ( 10.03%).
People in Sonoma primarily live in small (one, two or no bedroom) single-family detached homes. Sonoma has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Sonoma 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 Sonoma built between 1940-1969 ( 26.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.52%). There's also some housing in Sonoma built before 1939 ( 4.48%).
Appreciation rates for homes in Sonoma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.77%, which ranks in the top 50% nationwide. This equates to an annual average Sonoma house appreciation rate of 6.73%.
NeighborhoodScout's data show that during the latest twelve months, Sonoma's appreciation rate, at 8.00%, has been at or slightly above the national average. In the latest quarter, Sonoma's appreciation rate has been 6.79%, which annualizes to a rate of 30.06%.
Importantly, this makes Sonoma one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Sonoma's latest annual appreciation rate is higher than 50% 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 Sonoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sonoma - 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 Sonoma real estate investment or home purchase decisions.
$1,170,832
for California
for nation
5,338
$2,982 / per month