MORGAN HILL HOUSING MARKET INFORMATION With 44,478 people, 14,511 houses or apartments, and a median cost of homes of $1,384,112, Morgan Hill house prices are not only among the most expensive in California, Morgan Hill 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 Morgan Hill, accounting for 60.15% of the city's housing units. Other types of housing that are prevalent in Morgan Hill include row houses and other attached homes ( 17.74%), large apartment complexes or high rise apartments ( 12.51%), and a few mobile homes or trailers ( 5.37%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Morgan Hill. Owner-occupied housing accounts for 71.40% of Morgan Hill's homes, and 62.37% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Morgan Hill 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 Morgan Hill built between 2000 and later ( 30.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.29%). There's also some housing in Morgan Hill built before 1939 ( 1.27%). MORGAN HILL HOME APPRECIATION RATES Appreciation rates for homes in Morgan Hill 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 94.41%, which ranks in the top 50% nationwide. This equates to an annual average Morgan Hill house appreciation rate of 6.87%. Appreciation rates are so strong in Morgan Hill that despite a nationwide downturn in the housing market, Morgan Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Morgan Hill appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 71.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Morgan Hill. Morgan Hill 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 Morgan Hill'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 Morgan Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Morgan Hill - 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 Morgan Hill real estate investment or home purchase decisions.