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 13,738, 3,268 total housing units (homes and apartments), and a median house value of $516,373, King City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in King City, accounting for 64.03% of the city's housing units. Other types of housing that are prevalent in King City include large apartment complexes or high rise apartments ( 13.08%), duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), and a few row houses and other attached homes ( 8.19%).
The most prevalent building size and type in King City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.58% owning and 57.42% renting.
There is a lot of housing in King City 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 King City built between 2000 and later ( 28.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.42%). There's also some housing in King City built before 1939 ( 3.31%).
In the last 10 years, King City has experienced some of the highest home appreciation rates of any community in the nation. King City real estate appreciated 139.59% over the last ten years, which is an average annual home appreciation rate of 9.13%, putting King City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, King City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, King City appreciation rates have trailed the rest of the nation. In the last twelve months, King City's appreciation rate has been -2.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King City were at 2.67%, which equates to an annual appreciation rate of 11.10%.
Relative to California, our data show that King City's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
$516,373
for California
for nation
3,268
$3,249 / per month