The housing market in Benicia, CA is strong compared to the national average. The median value of houses in Benicia is $761,400, which is significantly higher than the US median value of $338,100. This shows that housing prices are generally quite high in Benicia. Over the past year, the appreciation rate for homes across the US was 8.27%, whereas it was 5.52% in Benicia – a lower rate, but still positive growth. This is an indication that there is a healthy demand for housing in this town and that prices are likely to continue to increase over time.
The median home cost in Benicia is $761,400. Home appreciation the last 10 years has been 141.5%. Home Appreciation in Benicia is up 10.9%.
Average Age of Homes
- The median age of Benicia real estate is 37 years old
The Rental Market in Benicia
- Renters make up 30.0% of the Benicia population
- 1.1% of houses and apartments in Benicia, 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.