El Verano, CA is a highly affluent area with a median housing value of $732,700, which is more than double the US median house value of $338,100. While the US has seen an appreciation rate of 8.27% in housing values over the past year, El Verano's has been much lower at only 1.98%. Despite this lower rate of appreciation, El Verano remains an attractive market for potential homeowners and real estate investors alike.
The median home cost in El Verano is $732,700. Home appreciation the last 10 years has been 121.5%. Home Appreciation in El Verano is up 9.5%.
Average Age of Homes
- The median age of El Verano real estate is 42 years old
The Rental Market in El Verano
- Renters make up 47.3% of the El Verano population
- 2.4% of houses and apartments in El Verano, 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.