Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 29,581, 8,766 total housing units (homes and apartments), and a median house value of $1,015,766, real estate costs in San Lorenzo are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in San Lorenzo, accounting for 77.86% of the town's housing units. Other types of housing that are prevalent in San Lorenzo include large apartment complexes or high rise apartments ( 13.61%), row houses and other attached homes ( 6.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Lorenzo. Owner-occupied housing accounts for 66.16% of San Lorenzo's homes, and 71.39% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. San Lorenzo's housing was primarily built during this period, from the '40s through the '60s. A full 74.69% of the town's housing hails from this era. Other housing ages represented in San Lorenzo include homes built between 1970-1999 ( 16.28%) and housing constructed before 1939 ( 4.54%). There's also some housing in San Lorenzo built between 2000 and later ( 4.49%).
In the last 10 years, San Lorenzo has experienced some of the highest home appreciation rates of any community in the nation. San Lorenzo real estate appreciated 126.55% over the last ten years, which is an average annual home appreciation rate of 8.52%, putting San Lorenzo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Lorenzo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, San Lorenzo's appreciation rate, at 6.53%, has been at or slightly above the national average. In the latest quarter, San Lorenzo's appreciation rate has been 2.58%, which annualizes to a rate of 10.71%.
Relative to California, our data show that San Lorenzo's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within San Lorenzo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Lorenzo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best San Lorenzo real estate investment or home purchase decisions.
$1,015,766
for California
for nation
8,766
$3,418 / per month