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 8,439 people, 2,355 houses or apartments, and a median cost of homes of $887,304, real estate costs in Gonzales 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 Gonzales, accounting for 69.37% of the city's housing units. Other types of housing that are prevalent in Gonzales include large apartment complexes or high rise apartments ( 17.80%), row houses and other attached homes ( 5.68%), and a few mobile homes or trailers ( 3.91%).
The most prevalent building size and type in Gonzales are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.13% owning and 41.87% renting.
There is a lot of housing in Gonzales 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 Gonzales built between 2000 and later ( 23.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.26%). There's also some housing in Gonzales built before 1939 ( 3.53%).
In the last 10 years, Gonzales has experienced some of the highest home appreciation rates of any community in the nation. Gonzales real estate appreciated 183.39% over the last ten years, which is an average annual home appreciation rate of 10.98%, putting Gonzales in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gonzales 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 Gonzales that despite a nationwide downturn in the housing market, Gonzales real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gonzales appreciation rates continue to be some of the highest in America, at 9.76%, which is higher than appreciation rates in 86.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gonzales. Gonzales appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.10%.
Relative to California, our data show that Gonzales's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$887,304
for California
for nation
2,355
$2,486 / per month