Novato, CA is known for its high housing prices and costly real estate. The median house value in Novato is currently $1,052,000 which is significantly higher than the US median house value of $338,100. While the US house appreciation rate for one year is 8.27%, the appreciation rate for houses in Novato is 6.39%. This indicates that even with a slight decrease in the rate of appreciation, Novato's housing market still remains lucrative and sought after by many individuals looking to invest in real estate.
The median home cost in Novato is $1,052,000. Home appreciation the last 10 years has been 108.2%. Home Appreciation in Novato is up 15.4%.
Average Age of Homes
- The median age of Novato real estate is 43 years old
The Rental Market in Novato
- Renters make up 33.0% of the Novato population
- 0.5% of houses and apartments in Novato, 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.