Truckee appreciation rates and housing market information

Truckee housing market information

With 13,967 people, 9,787 houses or apartments, and a median cost of homes of $516,642, real estate costs in Truckee are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in Truckee, accounting for 85.26% of the town's housing units. Other types of housing that are prevalent in Truckee include duplexes, homes converted to apartments, or other small apartment buildings (5.06%), large apartment complexes or high rise apartments (4.16%), mobile homes or trailers (3.04%), and a few row houses and other attached homes (2.48%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Truckee. Owner-occupied housing accounts for 39.06% of Truckee's homes, and 67.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Truckee 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 Truckee built from 1995 and later (25.16%). A lesser amount of the housing stock also hails from 1940-1969 (8.68%), and some were built from 1939 and earlier (8.68%).

A decent proportion of the Truckee housing stock is seasonally occupied. That is, homes and condos in Truckee are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Truckee housing market speaks to its popularity as a vacation location of choice.

Truckee home appreciation rates

In the last 10 years, Truckee has experienced some of the highest home appreciation rates of any community in the nation. Truckee real estate appreciated 224.59% over the last ten years, which is an average annual home appreciation rate of 22.45%, putting Truckee in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Truckee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Truckee home appreciation rates, at 1.51%, have been at or slightly above the national average. In the latest quarter, Truckee's appreciation rate has been 2.56%, which annualizes to a rate of 10.24%.

Importantly, this makes Truckee one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Truckee's latest annual appreciation rate is higher than 99% of the other cities and towns in California.