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 25,411, 8,133 total housing units (homes and apartments), and a median house value of $582,805, real estate costs in Galt 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 Galt, accounting for 81.52% of the city's housing units. Other types of housing that are prevalent in Galt include large apartment complexes or high rise apartments ( 5.74%), mobile homes or trailers ( 5.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Galt. Owner-occupied housing accounts for 75.09% of Galt's homes, and 72.79% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Galt built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Galt built between 2000 and later ( 27.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.19%). There's also some housing in Galt built before 1939 ( 1.64%).
Appreciation rates for homes in Galt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.44%, which ranks in the top 30% nationwide. This equates to an annual average Galt house appreciation rate of 7.93%.
NeighborhoodScout's data show that during the latest twelve months, Galt's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Galt's appreciation rate has been 0.13%, which annualizes to a rate of 0.52%.
Notably, Galt's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Galt's latest annual appreciation rate is lower 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 city. Individual neighborhoods within Galt differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Galt - 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 Galt real estate investment or home purchase decisions.
$582,805
for California
for nation
8,133
$2,328 / per month