Alturas, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alturas Neighborhoods Since 2000




Alturas, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alturas Housing Market Information

With 2,594 people, 1,279 houses or apartments, and a median cost of homes of $147,074, Alturas real estate values are some of the lowest in California, although compared to real estate around the nation, Alturas homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Alturas, accounting for 87.53% of the city's housing units. Other types of housing that are prevalent in Alturas include large apartment complexes or high rise apartments ( 4.68%), duplexes, homes converted to apartments or other small apartment buildings ( 4.16%), and a few mobile homes or trailers ( 3.17%).

People in Alturas primarily live in small (one, two or no bedroom) single-family detached homes. Alturas has a mixture of owner-occupied and renter-occupied housing.

The housing in Alturas was primarily built before 1939 ( 36.21%), making the housing stock in Alturas some of the oldest overall in America, although there is a range of ages of homes in Alturas. The next most important housing age is between 1940-1969 ( 34.83%), followed by between 1970-1999 ( 24.87%). There's also some housing in Alturas built between 2000 and later ( 4.09%).

Vacant housing appears to be an issue in Alturas. Fully 15.63% of the housing stock is classified as vacant. Left unchecked, vacant Alturas homes and apartments can be a drag on the real estate market, holding Alturas 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.

Alturas Home Appreciation Rates

Homes have actually lost value in Alturas over the last then years, as home values have seen a decline of 22.67% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Alturas home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.

Over the last year, Alturas appreciation rates have trailed the rest of the nation. In the last twelve months, Alturas's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alturas were at 1.82%, which equates to an annual appreciation rate of 7.47%.

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

Relative to California, our data show that Alturas's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$147,074

Alturas, CA HOME PRICES

Value Range
> $1,101,000 0.6
$826,001 - $1,101,000 0.0
$551,001 - $826,000 4.6
$440,001 - $551,000 2.6
$331,001 - $440,000 4.2
$220,001 - $331,000 9.5
$110,001 - $220,000 34.8
$55,001 - $110,000 26.0
$0 - $55,000 17.7

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
51.2598148365171 95.1058201058201

Number Of Homes And Apartments:
1,279

Alturas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.91% 2.30% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$958 / per month

Homeownership Rate

Homeownership
Owners 64.71
Renters 35.29
Vacant 15.63

Housing Market Details

 

Age of Homes

AGE OF Alturas HOMES
2000 or Newer 4.1
1970 - 1999 24.9
1940 - 1969 34.8
1939 or Older 36.2

Types of Homes

TYPE OF Alturas HOMES
Single-Family 87.5
Townhomes 0.5
Small Apt. Buildings 4.2
Apt. Complexes 4.7
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Alturas HOMES
No Bedroom 2.04
1 Bedroom 12.34
2 Bedrooms 35.75
3 Bedrooms 37.27
4 Bedrooms 8.91
5 or more bedrooms 3.69

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Zip Codes in Alturas, CA