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
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Alturas HOMES|
|2000 or Newer||4.1|
|1970 - 1999||24.9|
|1940 - 1969||34.8|
|1939 or Older||36.2|
|TYPE OF Alturas HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF Alturas HOMES|
|5 or more bedrooms||3.69|