Castroville, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Castroville, CA Housing Market Trends

With 6,829 people, 1,453 houses or apartments, and a median cost of homes of $657,068, real estate costs in Castroville 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 Castroville, accounting for 53.03% of the town's housing units. Other types of housing that are prevalent in Castroville include large apartment complexes or high rise apartments ( 25.36%), row houses and other attached homes ( 12.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.75%).

Castroville is dominated by renter-occupied one, two, or no bedrooms apartments. 66.10% of Castroville's dwellings are rentals.

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. Castroville's housing was primarily built during this period, from the '40s through the '60s. A full 53.28% of the town's housing hails from this era. Other housing ages represented in Castroville include homes built between 1970-1999 ( 42.29%) and housing constructed between 2000 and later ( 2.44%). There's also some housing in Castroville built before 1939 ( 2.00%).

Castroville Home Appreciation Rates

In the last 10 years, Castroville has experienced some of the highest home appreciation rates of any community in the nation. Castroville real estate appreciated 161.64% over the last ten years, which is an average annual home appreciation rate of 10.10%, putting Castroville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castroville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Castroville's appreciation rate, at 10.18%, has been at or slightly above the national average. In the latest quarter, Castroville's appreciation rate has been 3.76%, which annualizes to a rate of 15.89%.

Importantly, this makes Castroville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Castroville's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$657,068

Castroville, CA HOME PRICES

> $1,391,000
3.9%
3.9%
$1,043,001 - $1,391,000
0.0%
0.0%
$696,001 - $1,043,000
45.0%
45.0%
$557,001 - $696,000
10.1%
10.1%
$418,001 - $557,000
28.0%
28.0%
$278,001 - $418,000
10.1%
10.1%
$139,001 - $278,000
1.4%
1.4%
$70,001 - $139,000
0.0%
0.0%
$0 - $70,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
1,453

Castroville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
149.99% 4.35%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,962 / per month

Homeownership Rate

Owners
33.9%
33.9%
Renters
66.1%
66.1%
Vacant
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.4%
2.4%
1970 - 1999
42.3%
42.3%
1940 - 1969
53.3%
53.3%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.0%
53.0%
Townhomes
12.9%
12.9%
Small Apt. Buildings
6.7%
6.7%
Apt. Complexes
25.4%
25.4%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
9.2%
9.2%
2 Bedrooms
42.7%
42.7%
3 Bedrooms
30.9%
30.9%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Castroville

Zip Codes in Castroville, CA