The housing market in Rio del Mar, CA is quite robust. The median value of a house in this area is $1,125,400 which is more than three times higher than the US median value of $338,100. Despite the already high prices, the appreciation rate for houses in Rio del Mar over the last year is 7.64%, only slightly lower than the national average of 8.27%. This shows that there is a strong demand for housing in this city and that it continues to be an attractive place to purchase property.
The median home cost in Rio del Mar is $1,125,400. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Rio del Mar is up 11.9%.
Average Age of Homes
- The median age of Rio del Mar real estate is 44 years old
The Rental Market in Rio del Mar
- Renters make up 22.7% of the Rio del Mar population
- 0.7% of houses and apartments in Rio del Mar, 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.