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 5,040, 2,696 total housing units (homes and apartments), and a median house value of $477,225, King City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in King City, accounting for 56.86% of the city's housing units. Other types of housing that are prevalent in King City include large apartment complexes or high rise apartments ( 20.38%), row houses and other attached homes ( 15.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.57%).
Dwellings in King City tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 64.80% of the homes in King City have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. King City's housing was primarily built during this period, from the '40s through the '60s. A full 39.99% of the city's housing hails from this era. Other housing ages represented in King City include homes built between 1970-1999 ( 31.72%) and housing constructed between 2000 and later ( 27.70%).
Real estate appreciation rates in King City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
Over the last year, King City appreciation rates have trailed the rest of the nation. In the last twelve months, King City's appreciation rate has been -0.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in King City were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Oregon, our data show that King City's latest annual appreciation rate is lower than 80% of the other cities and towns in Oregon.
$477,225
for Oregon
for nation
2,696
$2,592 / per month