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 5,074 people, 1,634 houses or apartments, and a median cost of homes of $173,488, house prices in California are solidly below the national average.
Single-family detached homes are the single most common housing type in California, accounting for 54.53% of the borough's housing units. Other types of housing that are prevalent in California include large apartment complexes or high rise apartments ( 25.02%), duplexes, homes converted to apartments or other small apartment buildings ( 14.18%), and a few row houses and other attached homes ( 5.69%).
California is dominated by renter-occupied one, two, or no bedrooms apartments. 70.57% of California's dwellings are rentals.
The housing in California was primarily built before 1939 ( 32.74%), making the housing stock in California some of the oldest overall in America, although there is a range of ages of homes in California. The next most important housing age is between 1940-1969 ( 30.76%), followed by between 1970-1999 ( 29.65%). There's also some housing in California built between 2000 and later ( 6.85%).
Vacant housing appears to be an issue in California. Fully 21.22% of the housing stock is classified as vacant. Left unchecked, vacant California homes and apartments can be a drag on the real estate market, holding California 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.
California's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in California during the period has been just 4.80%, which is lower than 80% of US communities.
Over the last year, California appreciation rates have trailed the rest of the nation. In the last twelve months, California's appreciation rate has been 2.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in California were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that California's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$173,488
for Pennsylvania
for nation
1,634
$1,037 / per month