Housing in Lockwood, CA is much more expensive than the national average. The median value for a house in Lockwood is $734,900, whereas the national median value is only $338,100. Despite the high costs of housing in Lockwood, it has seen appreciation similar to the US 1 year House Appreciation rate of 8.27%. In fact, the 1 year appreciation for housing in Lockwood has been 8.23%. This suggests that despite its high costs relative to other areas of the country, housing in Lockwood is a sound investment and can be expected to appreciate at rates similar to other locations across the US.
The median home cost in Lockwood (Monterey County) is $734,900. Home appreciation the last 10 years has been 153.5%. Home Appreciation in Lockwood (Monterey County) is up 14.6%.
Average Age of Homes
- The median age of Lockwood (Monterey County) real estate is 38 years old
The Rental Market in Lockwood (Monterey County)
- Renters make up 42.9% of the Lockwood (Monterey County) population
- 4.8% of houses and apartments in Lockwood (Monterey County), 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.