Mckinleyville appreciation rates and housing market information

Mckinleyville housing market information

With a population of 15,897, 5,657 total housing units (homes and apartments), and a median house value of $286,081, Mckinleyville real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Mckinleyville, accounting for 70.51% of the town's housing units. Other types of housing that are prevalent in Mckinleyville include mobile homes or trailers (12.50%), duplexes, homes converted to apartments, or other small apartment buildings (9.95%), large apartment complexes or high rise apartments (4.31%), and a few row houses and other attached homes (2.62%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mckinleyville. Owner-occupied housing accounts for 62.98% of Mckinleyville's homes, and 56.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mckinleyville built from 1970-1994, 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 Mckinleyville built from 1940-1969 (30.95%). A lesser amount of the housing stock also hails from 1995 and later (12.71%), and some were built from 1939 and earlier (12.71%).

Mckinleyville home appreciation rates

In the last 10 years, Mckinleyville has experienced some of the highest home appreciation rates of any community in the nation. Mckinleyville real estate appreciated 165.27% over the last ten years, which is an average annual home appreciation rate of 16.52%, putting Mckinleyville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mckinleyville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Mckinleyville appreciation rates have trailed the rest of the nation. In the last twelve months, Mckinleyville's appreciation rate has been -4.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mckinleyville were at 1.08%, which equates to an annual appreciation rate of 4.32%.

Relative to California, our data show that Mckinleyville's latest annual appreciation rate is higher than 93% of the other cities and towns in California.