King City, 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

King City, CA Housing Market Trends

With a population of 14,077, 3,325 total housing units (homes and apartments), and a median house value of $350,395, 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 61.90% of the city's housing units. Other types of housing that are prevalent in King City include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.32%), and a few mobile homes or trailers ( 8.60%).

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 44.48% owning and 55.52% 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 1940-1969 ( 32.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.48%). There's also some housing in King City built before 1939 ( 2.97%).

King City Home Appreciation Rates

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 166.47% over the last ten years, which is an average annual home appreciation rate of 10.30%, 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.

Appreciation rates are so strong in King City that despite a nationwide downturn in the housing market, King City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, King City appreciation rates continue to be some of the highest in America, at 11.29%, which is higher than appreciation rates in 78.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in King City. King City appreciation rates in the latest quarter were at 3.74%, which equates to an annual appreciation rate of 15.83%.

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

Relative to California, our data show that King City's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$350,395

King City, CA HOME PRICES

> $1,349,000
0.9%
0.9%
$1,011,001 - $1,349,000
0.4%
0.4%
$674,001 - $1,011,000
0.9%
0.9%
$540,001 - $674,000
8.0%
8.0%
$405,001 - $540,000
16.8%
16.8%
$269,001 - $405,000
50.8%
50.8%
$135,001 - $269,000
13.9%
13.9%
$67,001 - $135,000
2.0%
2.0%
$0 - $67,000
6.2%
6.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
3,325

King City 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
108.05% 3.47%
2
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,803 / per month

Homeownership Rate

Owners
44.5%
44.5%
Renters
55.5%
55.5%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.5%
13.5%
1970 - 1999
51.0%
51.0%
1940 - 1969
32.5%
32.5%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.9%
61.9%
Townhomes
5.1%
5.1%
Small Apt. Buildings
9.3%
9.3%
Apt. Complexes
15.1%
15.1%
Mobile Homes
8.6%
8.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
9.0%
9.0%
1 Bedroom
8.2%
8.2%
2 Bedrooms
23.4%
23.4%
3 Bedrooms
39.3%
39.3%
4 Bedrooms
18.0%
18.0%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in King City

Popular Communities Near King City, CA

Zip Codes in King City, CA