Median price for residential apartments in Novato, CA as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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95 Novato, CA, USA apartments for sale
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Novato
According to statistics, the population in Novato, CA amounts to 55,378, which shows growth 1% compared to the previous year. The median age of the city’s residents is 45. The average household income is $89,812, shifting growth 7% from the past year, and the average property value in Novato, CA growth 8% to $677,500 throughout the year.
| Population | 55,378 |
| Median Age | 45 |
| Poverty Rate | 8% |
| Household Income | $89,812 |
| Number Of Employees | 28,213 |
| Median Property Value | $677,500 |
Household Income
The average household income in Novato, CA grew from $83,895 to $89,812 in the past year. This data is an estimate based upon 21,840 households in Novato, CA . The chart below presents how household income is distributed in Novato, CA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Novato, CA shifted from $625,900 to $677,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Novato, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Novato, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Novato, CA compared to median property taxes around the country. The prevalent amount of property taxes in Novato, CA equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Novato, CA, USA
Average apartment sale in Novato: $1,255,615 (+4.7%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $1,819,833 | +5.2% |
| 1-bed apartments | $500,000 | N/A |
| 2-bed apartments | $840,026 | +6.4% |
| 3-bed apartments | $1,125,972 | +8.9% |
| 4+ bed apartments | $1,860,576 | +9.5% |
During Dec 2022, the average price for an apartment in/near Novato, CA increased by 4.7% to $1,255,615.
Knowing the current property prices is key if you plan to buy a studio in Novato, CA. The average price for a studio has increased since the last month, currently being $1,819,833. After collecting all data points, we now see that the average price for 1-bed apartment stands at $500,000 with no changes this month. Asking price for 2-bed apartment also increased by 6.4% and a place of this size will now cost you $840,026. A 3-bed apartment goes for $1,125,972, it increased by 8.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 9.5% and made it up to $1,860,576.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $1,541,429 | +6.1% |
| Lofts for sale | $1,325,000 | +0% |
| Townhouses for sale | $799,000 | +0% |
| Apartments for sale | $444,000 | +64.4% |
| Condos for sale | $565,026 | -4.7% |
| Other for sale | $2,095,000 | +0% |
The average cost of an apartment in Novato, CA rised by 64.4% to $444,000. Price reports demonstrate that house price increased by 6.1% this month making it up to $1,541,429. Condos faced an upward trend these days. The median price for a condo decreased by 4.7%, it’s now available for $565,026. The price statistics of lofts have not significantly changed, it now still goes for $1,325,000. Value of the townhouses didn’t change, the price still starts at $799,000. Other types of properties for sale would cost $2,095,000 on average. Our data shows that this amount has stayed roughly the same compared to Nov.
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