Culver City, CA has a median housing value of $1,251,000 which is considerably higher than the US Median House Value of $338,100. This means that Culver City's housing market is much more expensive than other areas in the country. The appreciation rate for houses in Culver City is also found to be 12.21%, which is notably higher than the average nationwide rate of 8.27%. This demonstrates that there is a strong demand for housing in Culver City and that its real estate market has been growing steadily over the past year.
The median home cost in Culver City is $1,251,000. Home appreciation the last 10 years has been 123.7%. Home Appreciation in Culver City is up 15.8%.
Average Age of Homes
- The median age of Culver City real estate is 53 years old
The Rental Market in Culver City
- Renters make up 43.1% of the Culver City population
- 3.1% of houses and apartments in Culver City, 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.