Manteca, 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

Manteca, CA Housing Market Trends

With a population of 83,028, 25,200 total housing units (homes and apartments), and a median house value of $461,917, real estate costs in Manteca 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 Manteca, accounting for 78.56% of the city's housing units. Other types of housing that are prevalent in Manteca include large apartment complexes or high rise apartments ( 10.88%), duplexes, homes converted to apartments or other small apartment buildings ( 5.55%), and a few mobile homes or trailers ( 2.86%).

The most prevalent building size and type in Manteca are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.33% owning and 38.67% renting.

There is a lot of housing in Manteca 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 Manteca built between 2000 and later ( 37.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.81%). There's also some housing in Manteca built before 1939 ( 1.69%).

Manteca Home Appreciation Rates

In the last 10 years, Manteca has experienced some of the highest home appreciation rates of any community in the nation. Manteca real estate appreciated 158.15% over the last ten years, which is an average annual home appreciation rate of 9.95%, putting Manteca in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Manteca 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 Manteca that despite a nationwide downturn in the housing market, Manteca real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manteca appreciation rates continue to be some of the highest in America, at 12.58%, which is higher than appreciation rates in 87.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manteca. Manteca appreciation rates in the latest quarter were at 4.86%, which equates to an annual appreciation rate of 20.91%.

Importantly, this makes Manteca 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 Manteca's latest annual appreciation rate is higher than 70% 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 Manteca differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manteca - 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 Manteca real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$461,917

Manteca, CA HOME PRICES

> $1,311,000
0.8%
0.8%
$984,001 - $1,311,000
0.5%
0.5%
$656,001 - $984,000
9.6%
9.6%
$525,001 - $656,000
24.9%
24.9%
$393,001 - $525,000
36.1%
36.1%
$262,001 - $393,000
20.0%
20.0%
$131,001 - $262,000
4.3%
4.3%
$66,001 - $131,000
1.4%
1.4%
$0 - $66,000
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
25,200

Manteca 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
109.09% 3.49%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,382 / per month

Homeownership Rate

Owners
61.3%
61.3%
Renters
38.7%
38.7%
Vacant
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.7%
37.7%
1970 - 1999
43.8%
43.8%
1940 - 1969
16.8%
16.8%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.6%
78.6%
Townhomes
2.2%
2.2%
Small Apt. Buildings
5.5%
5.5%
Apt. Complexes
10.9%
10.9%
Mobile Homes
2.9%
2.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
6.9%
6.9%
2 Bedrooms
20.0%
20.0%
3 Bedrooms
41.3%
41.3%
4 Bedrooms
23.8%
23.8%
5 or more bedrooms
6.7%
6.7%
0.0% 100.0%
% OF HOMES