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 12,950, 5,079 total housing units (homes and apartments), and a median house value of $1,540,600, Carpinteria house prices are not only among the most expensive in California, Carpinteria 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 Carpinteria, accounting for 35.31% of the city's housing units. Other types of housing that are prevalent in Carpinteria include large apartment complexes or high rise apartments ( 34.87%), mobile homes or trailers ( 14.01%), and a few row houses and other attached homes ( 8.98%).
People in Carpinteria primarily live in small (one, two or no bedroom) single-family detached homes. Carpinteria has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Carpinteria 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 Carpinteria built between 1940-1969 ( 30.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.12%). There's also some housing in Carpinteria built before 1939 ( 5.34%).
Vacant housing appears to be an issue in Carpinteria. Fully 15.81% of the housing stock is classified as vacant. Left unchecked, vacant Carpinteria homes and apartments can be a drag on the real estate market, holding Carpinteria 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 Carpinteria have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.77%, which ranks in the top 50% nationwide. This equates to an annual average Carpinteria house appreciation rate of 6.89%.
Appreciation rates are so strong in Carpinteria that despite a nationwide downturn in the housing market, Carpinteria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carpinteria appreciation rates continue to be some of the highest in America, at 10.60%, which is higher than appreciation rates in 89.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carpinteria. Carpinteria appreciation rates in the latest quarter were at 6.22%, which equates to an annual appreciation rate of 27.31%.
Importantly, this makes Carpinteria 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 Carpinteria's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,540,600
for California
for nation
5,079
$4,790 / per month