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 a population of 24,190, 4,314 total housing units (homes and apartments), and a median house value of $726,197, real estate costs in Soledad 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 Soledad, accounting for 70.09% of the city's housing units. Other types of housing that are prevalent in Soledad include duplexes, homes converted to apartments or other small apartment buildings ( 9.39%), large apartment complexes or high rise apartments ( 9.30%), and a few mobile homes or trailers ( 6.25%).
The most prevalent building size and type in Soledad are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.48% owning and 56.52% renting.
Soledad homes and real estate are some of the newest in America. 42.10% of Soledad's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Soledad real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.65%), and between 1940-1969 ( 21.43%). There's also some housing in Soledad built before 1939 ( 2.81%).
In the last 10 years, Soledad has experienced some of the highest home appreciation rates of any community in the nation. Soledad real estate appreciated 149.48% over the last ten years, which is an average annual home appreciation rate of 9.57%, putting Soledad in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Soledad definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Soledad appreciation rates have trailed the rest of the nation. In the last twelve months, Soledad's appreciation rate has been 1.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Soledad were at 2.67%, which equates to an annual appreciation rate of 11.10%.
Relative to California, our data show that Soledad's latest annual appreciation rate is lower than 80% 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 Soledad differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Soledad - 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 Soledad real estate investment or home purchase decisions.
$726,197
for California
for nation
4,314
$3,299 / per month