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 36,447, 14,615 total housing units (homes and apartments), and a median house value of $939,815, real estate costs in Martinez 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 Martinez, accounting for 63.24% of the city's housing units. Other types of housing that are prevalent in Martinez include row houses and other attached homes ( 15.82%), large apartment complexes or high rise apartments ( 13.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Martinez. Owner-occupied housing accounts for 69.87% of Martinez's homes, and 61.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Martinez 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 Martinez built between 1940-1969 ( 26.14%). A lesser amount of the housing stock also hails from before 1939 ( 10.61%). There's also some housing in Martinez built between 2000 and later ( 4.88%).
Appreciation rates for homes in Martinez have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.40%, which ranks in the top 50% nationwide. This equates to an annual average Martinez house appreciation rate of 6.54%.
Over the last year, Martinez appreciation rates have trailed the rest of the nation. In the last twelve months, Martinez's appreciation rate has been 3.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Martinez were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that Martinez'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 Martinez differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Martinez - 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 Martinez real estate investment or home purchase decisions.
$939,815
for California
for nation
14,615
$3,921 / per month