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 3,192 people, 1,811 houses or apartments, and a median cost of homes of $395,831, Mount Shasta real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mount Shasta, accounting for 53.20% of the city's housing units. Other types of housing that are prevalent in Mount Shasta include duplexes, homes converted to apartments or other small apartment buildings ( 33.33%), large apartment complexes or high rise apartments ( 9.41%), and a few row houses and other attached homes ( 3.74%).
People in Mount Shasta primarily live in small (one, two or no bedroom) single-family detached homes. Mount Shasta has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mount Shasta 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 Mount Shasta built before 1939 ( 24.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.74%). There's also some housing in Mount Shasta built between 2000 and later ( 5.66%).
Vacant housing appears to be an issue in Mount Shasta. Fully 17.31% of the housing stock is classified as vacant. Left unchecked, vacant Mount Shasta homes and apartments can be a drag on the real estate market, holding Mount Shasta real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Mount Shasta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.28% during the period.
Over the last year, Mount Shasta appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Shasta's appreciation rate has been 3.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Shasta were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Notably, Mount Shasta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Mount Shasta's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
$395,831
for California
for nation
1,811
$1,860 / per month