Larkspur, 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

Larkspur, CA Housing Market Trends

With a population of 12,254, 5,683 total housing units (homes and apartments), and a median house value of $1,680,273, Larkspur house prices are not only among the most expensive in California, Larkspur real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Larkspur, accounting for 42.72% of the city's housing units. Other types of housing that are prevalent in Larkspur include single-family detached homes ( 37.92%), duplexes, homes converted to apartments or other small apartment buildings ( 9.35%), and a few row houses and other attached homes ( 6.51%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Larkspur primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Larkspur has a mixture of owner-occupied and renter-occupied housing.

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. Larkspur's housing was primarily built during this period, from the '40s through the '60s. A full 45.37% of the city's housing hails from this era. Other housing ages represented in Larkspur include homes built between 1970-1999 ( 37.26%) and housing constructed between 2000 and later ( 9.44%). There's also some housing in Larkspur built before 1939 ( 7.93%).

Larkspur Home Appreciation Rates

In the last 10 years, Larkspur has experienced some of the highest home appreciation rates of any community in the nation. Larkspur real estate appreciated 80.90% over the last ten years, which is an average annual home appreciation rate of 6.11%, putting Larkspur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Larkspur 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, Larkspur appreciation rates have trailed the rest of the nation. In the last twelve months, Larkspur's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Larkspur were at 1.63%, which equates to an annual appreciation rate of 6.66%.

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

Relative to California, our data show that Larkspur's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,680,273

Larkspur, CA HOME PRICES

> $1,122,000
60.0%
60.0%
$841,001 - $1,122,000
14.0%
14.0%
$561,001 - $841,000
17.7%
17.7%
$449,001 - $561,000
3.4%
3.4%
$337,001 - $449,000
2.5%
2.5%
$224,001 - $337,000
0.4%
0.4%
$112,001 - $224,000
0.2%
0.2%
$56,001 - $112,000
0.1%
0.1%
$0 - $56,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
5,683

Larkspur 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
102.28% 3.33%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,783 / per month

Homeownership Rate

Owners
50.9%
50.9%
Renters
49.1%
49.1%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.4%
9.4%
1970 - 1999
37.3%
37.3%
1940 - 1969
45.4%
45.4%
1939 or Older
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.9%
37.9%
Townhomes
6.5%
6.5%
Small Apt. Buildings
9.3%
9.3%
Apt. Complexes
42.7%
42.7%
Mobile Homes
3.0%
3.0%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.2%
4.2%
1 Bedroom
24.1%
24.1%
2 Bedrooms
31.5%
31.5%
3 Bedrooms
22.7%
22.7%
4 Bedrooms
11.6%
11.6%
5 or more bedrooms
5.9%
5.9%
0.0% 100.0%
% OF HOMES