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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,619 people, 5,258 houses or apartments, and a median cost of homes of $1,201,520, real estate costs in Sonoma 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 Sonoma, accounting for 60.75% of the city's housing units. Other types of housing that are prevalent in Sonoma include large apartment complexes or high rise apartments ( 12.30%), duplexes, homes converted to apartments or other small apartment buildings ( 11.22%), and a few row houses and other attached homes ( 9.16%).
The most prevalent building size and type in Sonoma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.42% owning and 38.58% renting.
There is a lot of housing in Sonoma 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 Sonoma built between 1940-1969 ( 26.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.13%). There's also some housing in Sonoma built before 1939 ( 4.57%).
Vacant housing appears to be an issue in Sonoma. Fully 11.32% of the housing stock is classified as vacant. Left unchecked, vacant Sonoma homes and apartments can be a drag on the real estate market, holding Sonoma real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Sonoma's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sonoma during the period has been just 5.73%, which is lower than 70% of US communities.
Over the last year, Sonoma appreciation rates have trailed the rest of the nation. In the last twelve months, Sonoma's appreciation rate has been 5.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sonoma were at 2.14%, which equates to an annual appreciation rate of 8.82%.
Relative to California, our data show that Sonoma's latest annual appreciation rate is lower than 50% 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 Sonoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sonoma - 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 Sonoma real estate investment or home purchase decisions.
$1,201,520
for California
for nation
5,258
$2,806 / per month