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 39,515, 17,691 total housing units (homes and apartments), and a median house value of $1,774,820, Culver City house prices are not only among the most expensive in California, Culver City real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Culver City, accounting for 40.45% of the city's housing units. Other types of housing that are prevalent in Culver City include single-family detached homes ( 37.33%), duplexes, homes converted to apartments or other small apartment buildings ( 11.94%), and a few row houses and other attached homes ( 9.45%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Culver City primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Culver City has a mixture of owner-occupied and renter-occupied housing.
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. Culver City's housing was primarily built during this period, from the '40s through the '60s. A full 51.50% of the city's housing hails from this era. Other housing ages represented in Culver City include homes built between 1970-1999 ( 32.55%) and housing constructed before 1939 ( 10.11%). There's also some housing in Culver City built between 2000 and later ( 5.83%).
Appreciation rates for homes in Culver City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.27%, which ranks in the top 40% nationwide. This equates to an annual average Culver City house appreciation rate of 7.40%.
Appreciation rates are so strong in Culver City that despite a nationwide downturn in the housing market, Culver City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Culver City appreciation rates continue to be some of the highest in America, at 10.26%, which is higher than appreciation rates in 88.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Culver City. Culver City appreciation rates in the latest quarter were at 2.09%, which equates to an annual appreciation rate of 8.62%.
Relative to California, our data show that Culver City's latest annual appreciation rate is higher 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 Culver City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Culver City - 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 Culver City real estate investment or home purchase decisions.
$1,774,820
for California
for nation
17,691
$4,208 / per month