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 7,034 people, 2,674 houses or apartments, and a median cost of homes of $336,534, Taft real estate values are some of the lowest in California, although compared to real estate around the nation, Taft homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Taft, accounting for 66.55% of the city's housing units. Other types of housing that are prevalent in Taft include mobile homes or trailers ( 15.06%), large apartment complexes or high rise apartments ( 9.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.63%).
The most prevalent building size and type in Taft are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.20% owning and 53.80% renting.
There is a lot of housing in Taft 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 Taft built between 1940-1969 ( 33.80%). A lesser amount of the housing stock also hails from before 1939 ( 11.13%). There's also some housing in Taft built between 2000 and later ( 7.93%).
In the last 10 years, Taft has experienced some of the highest home appreciation rates of any community in the nation. Taft real estate appreciated 130.26% over the last ten years, which is an average annual home appreciation rate of 8.70%, putting Taft in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Taft 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 Taft that despite a nationwide downturn in the housing market, Taft real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taft appreciation rates continue to be some of the highest in America, at 15.23%, which is higher than appreciation rates in 97.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taft. Taft appreciation rates in the latest quarter were at -0.94%, which equates to an annual appreciation rate of -3.71%.
Notably, Taft's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Taft's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$336,534
for California
for nation
2,674
$1,441 / per month