Tracy, 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

Tracy, CA Housing Market Trends

With 94,740 people, 25,854 houses or apartments, and a median cost of homes of $568,650, real estate costs in Tracy 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 Tracy, accounting for 82.96% of the city's housing units. Other types of housing that are prevalent in Tracy include large apartment complexes or high rise apartments ( 8.36%), duplexes, homes converted to apartments or other small apartment buildings ( 4.41%), and a few row houses and other attached homes ( 2.76%).

The most prevalent building size and type in Tracy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.59% owning and 37.41% renting.

There is a lot of housing in Tracy 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 Tracy built between 2000 and later ( 31.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.33%). There's also some housing in Tracy built before 1939 ( 3.08%).

Tracy Home Appreciation Rates

In the last 10 years, Tracy has experienced some of the highest home appreciation rates of any community in the nation. Tracy real estate appreciated 155.73% over the last ten years, which is an average annual home appreciation rate of 9.84%, putting Tracy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tracy 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 Tracy that despite a nationwide downturn in the housing market, Tracy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tracy appreciation rates continue to be some of the highest in America, at 11.86%, which is higher than appreciation rates in 83.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tracy. Tracy appreciation rates in the latest quarter were at 4.84%, which equates to an annual appreciation rate of 20.82%.

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

Average Home Values

 

Median Home Value:
$568,650

Tracy, CA HOME PRICES

> $1,297,000
0.9%
0.9%
$972,001 - $1,297,000
2.5%
2.5%
$649,001 - $972,000
26.2%
26.2%
$519,001 - $649,000
33.5%
33.5%
$389,001 - $519,000
24.4%
24.4%
$259,001 - $389,000
7.5%
7.5%
$130,001 - $259,000
2.1%
2.1%
$65,001 - $130,000
0.7%
0.7%
$0 - $65,000
2.2%
2.2%
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:
25,854

Tracy 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
95.47% 3.17%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,811 / per month

Homeownership Rate

Owners
62.6%
62.6%
Renters
37.4%
37.4%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.4%
31.4%
1970 - 1999
53.2%
53.2%
1940 - 1969
12.3%
12.3%
1939 or Older
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.0%
83.0%
Townhomes
2.8%
2.8%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
8.4%
8.4%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
4.2%
4.2%
2 Bedrooms
13.6%
13.6%
3 Bedrooms
36.7%
36.7%
4 Bedrooms
34.8%
34.8%
5 or more bedrooms
9.6%
9.6%
0.0% 100.0%
% OF HOMES