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 6,181 people, 2,307 houses or apartments, and a median cost of homes of $538,018, Gustine real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Gustine, accounting for 83.15% of the city's housing units. Other types of housing that are prevalent in Gustine include duplexes, homes converted to apartments or other small apartment buildings ( 9.22%), row houses and other attached homes ( 3.01%), and a few mobile homes or trailers ( 2.41%).
The most prevalent building size and type in Gustine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.89% owning and 49.11% renting.
There is a lot of housing in Gustine 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 Gustine built between 1940-1969 ( 24.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.29%). There's also some housing in Gustine built before 1939 ( 10.68%).
In the last 10 years, Gustine has experienced some of the highest home appreciation rates of any community in the nation. Gustine real estate appreciated 152.54% over the last ten years, which is an average annual home appreciation rate of 9.71%, putting Gustine in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gustine 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, Gustine's appreciation rate, at 6.01%, has been at or slightly above the national average. In the latest quarter, Gustine's appreciation rate has been 3.47%, which annualizes to a rate of 14.62%.
Importantly, this makes Gustine one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Gustine's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
$538,018
$2,147 / per month