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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 4,251, 6,193 total housing units (homes and apartments), and a median house value of $2,161,793, 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 46.94% of the city's housing units. Other types of housing that are prevalent in Larkspur include single-family detached homes ( 36.87%), duplexes, homes converted to apartments or other small apartment buildings ( 9.00%), and a few row houses and other attached homes ( 4.11%). 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.

There is a lot of housing in Larkspur 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 Larkspur built between 1940-1969 ( 39.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.35%). There's also some housing in Larkspur built before 1939 ( 8.05%).

Larkspur Home Appreciation Rates

Larkspur's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Larkspur during the period has been just 5.32%, which is lower than 70% of US communities.

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 0.57%, 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 -0.62%, which equates to an annual appreciation rate of -2.46%.

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 60% 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 Larkspur differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Larkspur - 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 Larkspur real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$2,161,793

Larkspur, CA Home Prices
> $989,000
$742,001 - $989,000
$494,001 - $742,000
$395,001 - $494,000
$297,001 - $395,000
$198,001 - $297,000
$99,001 - $198,000
$49,001 - $99,000
$0 - $49,000
71.8%
71.8%
17.9%
17.9%
5.9%
5.9%
0.8%
0.8%
0.9%
0.9%
0.0%
0.0%
0.6%
0.6%
0.6%
0.6%
1.5%
1.5%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

6,193

Larkspur Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,785 / per month

Homeownership Rate

Owners
Renters
47.3%
47.3%
52.7%
52.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.3%
8.3%
44.2%
44.2%
39.4%
39.4%
8.0%
8.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.9%
36.9%
4.1%
4.1%
9.0%
9.0%
46.9%
46.9%
1.4%
1.4%
1.7%
1.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.4%
5.4%
23.8%
23.8%
27.6%
27.6%
27.6%
27.6%
11.3%
11.3%
4.4%
4.4%
0% 100.0%
% of Homes