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 29,903, 10,798 total housing units (homes and apartments), and a median house value of $3,421,315, Saratoga house prices are not only among the most expensive in California, Saratoga real estate also is some of the most expensive in all of America.
Saratoga is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Saratoga than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saratoga. Owner-occupied housing accounts for 86.38% of Saratoga's homes, and 70.97% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Saratoga's housing was primarily built during this period, from the '40s through the '60s. A full 56.36% of the city's housing hails from this era. Other housing ages represented in Saratoga include homes built between 1970-1999 ( 32.10%) and housing constructed between 2000 and later ( 7.98%). There's also some housing in Saratoga built before 1939 ( 3.56%).
Real estate appreciation rates in Saratoga's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.42% during the period.
Appreciation rates are so strong in Saratoga that despite a nationwide downturn in the housing market, Saratoga real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saratoga appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 83.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saratoga. Saratoga appreciation rates in the latest quarter were at 1.78%, which equates to an annual appreciation rate of 7.33%.
Relative to California, our data show that Saratoga's latest annual appreciation rate is higher than 80% 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 Saratoga differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saratoga - 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 Saratoga real estate investment or home purchase decisions.
$3,421,315
for California
for nation
10,798
$5,642 / per month