NOVATO HOUSING MARKET INFORMATION With a population of 51,722, 20,431 total housing units (homes and apartments), and a median house value of $1,259,012, Novato house prices are not only among the most expensive in California, Novato 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 Novato, accounting for 58.11% of the city's housing units. Other types of housing that are prevalent in Novato include large apartment complexes or high rise apartments ( 20.69%), row houses and other attached homes ( 12.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.16%). The most prevalent building size and type in Novato are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.45% owning and 35.55% renting. There is a lot of housing in Novato 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 Novato built between 1940-1969 ( 35.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.36%). There's also some housing in Novato built before 1939 ( 3.07%). NOVATO HOME APPRECIATION RATES Some of the lowest real estate appreciation rates in America over the last ten years have been in Novato, where house values have increased just 58.15%, which is annualized rate of 4.69%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America. Over the last year, Novato appreciation rates have trailed the rest of the nation. In the last twelve months, Novato's appreciation rate has been 3.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Novato were at -0.78%, which equates to an annual appreciation rate of -3.08%. Notably, Novato's appreciation rate in the latest quarter is one of the lowest in America. Relative to California, our data show that Novato's latest annual appreciation rate is lower than 70% 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 Novato differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Novato - 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 Novato real estate investment or home purchase decisions.