Arcata, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Arcata, CA Real Estate Data


Arcata Housing Market Information

With a population of 17,843, 6,891 total housing units (homes and apartments), and a median house value of $400,709, real estate costs in Arcata 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 Arcata, accounting for 45.55% of the city's housing units. Other types of housing that are prevalent in Arcata include large apartment complexes or high rise apartments ( 24.13%), duplexes, homes converted to apartments or other small apartment buildings ( 17.10%), and a few mobile homes or trailers ( 8.45%).

Arcata is dominated by renter-occupied one, two, or no bedrooms apartments. 71.22% of Arcata's dwellings are rentals.

There is a lot of housing in Arcata built from 1970 to 1999 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 Arcata built between 1940-1969 ( 31.43%). A lesser amount of the housing stock also hails from before 1939 ( 11.15%). There's also some housing in Arcata built between 2000 and later ( 5.62%).

Vacant housing appears to be an issue in Arcata. Fully 10.93% of the housing stock is classified as vacant. Left unchecked, vacant Arcata homes and apartments can be a drag on the real estate market, holding Arcata 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.

Arcata Home Appreciation Rates

Arcata's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arcata during the period has been just -1.06%, which is lower than 70% of US communities.

Appreciation rates are so strong in Arcata that despite a nationwide downturn in the housing market, Arcata real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arcata appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 84.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arcata. Arcata appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 9.22%.

Relative to California, our data show that Arcata's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Arcata differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arcata - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Arcata real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$400,709

Arcata, CA HOME PRICES

Value Range
> $1,197,000 0.8
$898,001 - $1,197,000 1.7
$599,001 - $898,000 12.2
$479,001 - $599,000 17.2
$359,001 - $479,000 28.6
$239,001 - $359,000 18.7
$119,001 - $239,000 5.1
$60,001 - $119,000 4.4
$0 - $60,000 11.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
9.68554195701821 52.8401585204756

Number Of Homes And Apartments:
6,891

Rent & Ownership

 

Average Market Rent:
$1,289 / per month

Homeownership Rate

Homeownership
Owners 28.78
Renters 71.22
Vacant 10.93

Housing Market Details

 

Age of Homes

AGE OF Arcata HOMES
2000 or Newer 5.6
1970 - 1999 51.8
1940 - 1969 31.4
1939 or Older 11.2

Types of Homes

TYPE OF Arcata HOMES
Single-Family 45.5
Townhomes 4.7
Small Apt. Buildings 17.1
Apt. Complexes 24.1
Mobile Homes 8.5
Other 0.1

Home Size

SIZE OF Arcata HOMES
No Bedroom 3.97
1 Bedroom 23.54
2 Bedrooms 33.80
3 Bedrooms 28.91
4 Bedrooms 8.57
5 or more bedrooms 1.21

Arcata Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
97.15% 4.07% 7 10
* 10 is highest

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Zip Codes in Arcata, CA