Mill Valley, CA is an affluent area located on the north end of the San Francisco Bay. This area has a median housing value of $1,814,300, which is more than five times higher than the US median housing value of $338,100. While the US house appreciation rate over the past year was 8.27%, Mill Valley’s rate was 6.39%. This slower growth could be due to the high median value already present in Mill Valley or because it is a desirable location with limited inventory available for sale. Regardless, this area remains one of the most sought-after locations in California due to its scenic landscape and close proximity to San Francisco.
The median home cost in Mill Valley is $1,814,300. Home appreciation the last 10 years has been 108.2%. Home Appreciation in Mill Valley is up 15.4%.
Average Age of Homes
- The median age of Mill Valley real estate is 56 years old
The Rental Market in Mill Valley
- Renters make up 29.5% of the Mill Valley population
- 1.1% of houses and apartments in Mill Valley, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.