GILROY HOUSING MARKET INFORMATION With a population of 58,250, 16,916 total housing units (homes and apartments), and a median house value of $1,267,343, Gilroy house prices are not only among the most expensive in California, Gilroy real estate also is some of the most expensive in all of America. Single-family detached homes are the single most common housing type in Gilroy, accounting for 70.89% of the city's housing units. Other types of housing that are prevalent in Gilroy include large apartment complexes or high rise apartments ( 14.39%), duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), and a few row houses and other attached homes ( 5.72%). The most prevalent building size and type in Gilroy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.20% owning and 37.80% renting. There is a lot of housing in Gilroy 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 Gilroy built between 2000 and later ( 34.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.49%). There's also some housing in Gilroy built before 1939 ( 4.51%). GILROY HOME APPRECIATION RATES Appreciation rates for homes in Gilroy have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 100.45%, which ranks in the top 40% nationwide. This equates to an annual average Gilroy house appreciation rate of 7.20%. Appreciation rates are so strong in Gilroy that despite a nationwide downturn in the housing market, Gilroy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gilroy appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 71.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gilroy. Gilroy appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.80%. Relative to California, our data show that Gilroy's latest annual appreciation rate is higher than 90% 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 Gilroy differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Gilroy - 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 Gilroy real estate investment or home purchase decisions.