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 77,492 people, 29,443 houses or apartments, and a median cost of homes of $993,046, real estate costs in Napa 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 Napa, accounting for 62.65% of the city's housing units. Other types of housing that are prevalent in Napa include large apartment complexes or high rise apartments ( 18.40%), duplexes, homes converted to apartments or other small apartment buildings ( 7.56%), and a few row houses and other attached homes ( 6.19%).
The most prevalent building size and type in Napa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.24% owning and 41.76% renting.
There is a lot of housing in Napa 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 Napa built between 1940-1969 ( 33.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.44%). There's also some housing in Napa built before 1939 ( 8.07%).
Real estate appreciation rates in Napa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.17% during the period.
Over the last year, Napa appreciation rates have trailed the rest of the nation. In the last twelve months, Napa's appreciation rate has been 4.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Napa were at -2.22%, which equates to an annual appreciation rate of -8.60%.
Notably, Napa's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Napa'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 Napa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Napa - 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 Napa real estate investment or home purchase decisions.
$993,046
for California
for nation
29,443
$3,359 / per month