The housing situation in Novato, CA (94945) is very expensive with a median value of $1,032,700. This is more than three times the national median of $338,100 and is indicative of the high cost of living in this area. However, the appreciation rate for houses in Novato is slightly lower than the national average at 6.39%, compared to 8.27% nationwide. Despite this difference, the high house values in Novato suggest that investing in property has been a lucrative opportunity for many people in this area.
The median home cost in Novato (zip 94945) is $1,032,700. Home appreciation the last 10 years has been 108.2%. Home Appreciation in Novato (zip 94945) is up 15.4%.
Average Age of Homes
- The median age of Novato (zip 94945) real estate is 44 years old
The Rental Market in Novato (zip 94945)
- Renters make up 31.2% of the Novato (zip 94945) population
- 0.0% of houses and apartments in Novato (zip 94945), 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.