Bishop, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bishop Neighborhoods Since 2000




Bishop, 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

Bishop Housing Market Information

With 3,806 people, 1,737 houses or apartments, and a median cost of homes of $240,220, Bishop real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bishop, accounting for 46.16% of the city's housing units. Other types of housing that are prevalent in Bishop include large apartment complexes or high rise apartments ( 19.49%), duplexes, homes converted to apartments or other small apartment buildings ( 16.77%), and a few mobile homes or trailers ( 6.97%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bishop's housing was primarily built during this period, from the '40s through the '60s. A full 50.68% of the city's housing hails from this era. Other housing ages represented in Bishop include homes built between 1970-1999 ( 35.87%) and housing constructed before 1939 ( 8.22%). There's also some housing in Bishop built between 2000 and later ( 5.23%).

Bishop Home Appreciation Rates

Homes have actually lost value in Bishop over the last then years, as home values have seen a decline of 20.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bishop home appreciation rates at 2.63%, which equates to an annual appreciation rate of 10.94%.

NeighborhoodScout's data show that during the latest twelve months, Bishop's appreciation rate, at 4.34%, has been at or slightly above the national average. In the latest quarter, Bishop's appreciation rate has been 2.63%, which annualizes to a rate of 10.94%.

Importantly, this makes Bishop 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 Bishop's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$240,220

Bishop, CA HOME PRICES

Value Range
> $1,160,000 1.9
$870,001 - $1,160,000 0.0
$580,001 - $870,000 3.8
$464,001 - $580,000 8.7
$348,001 - $464,000 19.2
$232,001 - $348,000 18.6
$116,001 - $232,000 8.6
$58,001 - $116,000 15.2
$0 - $58,000 23.9

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.1005508027657 79.1005291005291

Number Of Homes And Apartments:
1,737

Bishop 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
78.09% 3.40% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,182 / per month

Homeownership Rate

Homeownership
Owners 41.67
Renters 58.33
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Bishop HOMES
2000 or Newer 5.2
1970 - 1999 35.9
1940 - 1969 50.7
1939 or Older 8.2

Types of Homes

TYPE OF Bishop HOMES
Single-Family 46.2
Townhomes 4.1
Small Apt. Buildings 16.8
Apt. Complexes 19.5
Mobile Homes 7.0
Other 6.5

Home Size

SIZE OF Bishop HOMES
No Bedroom 4.41
1 Bedroom 24.28
2 Bedrooms 28.69
3 Bedrooms 32.01
4 Bedrooms 9.96
5 or more bedrooms 0.65

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Zip Codes in Bishop, CA