Hayward, 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

Hayward, CA Housing Market Trends

With 159,203 people, 47,666 houses or apartments, and a median cost of homes of $686,826, real estate costs in Hayward 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 Hayward, accounting for 51.23% of the city's housing units. Other types of housing that are prevalent in Hayward include large apartment complexes or high rise apartments ( 27.71%), row houses and other attached homes ( 10.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.25%).

The most prevalent building size and type in Hayward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.76% owning and 48.24% renting.

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. Hayward's housing was primarily built during this period, from the '40s through the '60s. A full 42.87% of the city's housing hails from this era. Other housing ages represented in Hayward include homes built between 1970-1999 ( 42.32%) and housing constructed between 2000 and later ( 11.31%). There's also some housing in Hayward built before 1939 ( 3.50%).

Hayward Home Appreciation Rates

In the last 10 years, Hayward has experienced some of the highest home appreciation rates of any community in the nation. Hayward real estate appreciated 145.92% over the last ten years, which is an average annual home appreciation rate of 9.42%, putting Hayward in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hayward 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, Hayward appreciation rates have trailed the rest of the nation. In the last twelve months, Hayward's appreciation rate has been 5.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hayward were at 1.68%, which equates to an annual appreciation rate of 6.87%.

Notably, Hayward's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Hayward's latest annual appreciation rate is lower 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 Hayward differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hayward - 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 Hayward real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$686,826

Hayward, CA HOME PRICES

> $1,218,000
5.3%
5.3%
$913,001 - $1,218,000
12.5%
12.5%
$609,001 - $913,000
43.9%
43.9%
$487,001 - $609,000
16.6%
16.6%
$365,001 - $487,000
10.4%
10.4%
$244,001 - $365,000
4.3%
4.3%
$122,001 - $244,000
3.1%
3.1%
$61,001 - $122,000
2.6%
2.6%
$0 - $61,000
1.1%
1.1%
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:
47,666

Hayward 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
137.69% 4.11%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,441 / per month

Homeownership Rate

Owners
51.8%
51.8%
Renters
48.2%
48.2%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.3%
11.3%
1970 - 1999
42.3%
42.3%
1940 - 1969
42.9%
42.9%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.2%
51.2%
Townhomes
10.8%
10.8%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
27.7%
27.7%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
13.4%
13.4%
2 Bedrooms
31.2%
31.2%
3 Bedrooms
37.4%
37.4%
4 Bedrooms
12.3%
12.3%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES