Chowchilla, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Chowchilla Neighborhoods Since 2000




Chowchilla, 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

Chowchilla Housing Market Information

With a population of 18,510, 3,602 total housing units (homes and apartments), and a median house value of $320,731, real estate costs in Chowchilla 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 Chowchilla, accounting for 78.78% of the city's housing units. Other types of housing that are prevalent in Chowchilla include duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), large apartment complexes or high rise apartments ( 6.58%), and a few row houses and other attached homes ( 3.54%).

Renters dominate Chowchilla's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

Chowchilla homes and real estate are some of the newest in America. 38.25% of Chowchilla's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chowchilla real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.57%), and between 1940-1969 ( 24.47%). There's also some housing in Chowchilla built before 1939 ( 3.71%).

Vacant housing appears to be an issue in Chowchilla. Fully 13.25% of the housing stock is classified as vacant. Left unchecked, vacant Chowchilla homes and apartments can be a drag on the real estate market, holding Chowchilla 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.

Chowchilla Home Appreciation Rates

Homes have actually lost value in Chowchilla over the last then years, as home values have seen a decline of 32.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Chowchilla home appreciation rates at 0.67%, which equates to an annual appreciation rate of 2.69%.

Appreciation rates are so strong in Chowchilla that despite a nationwide downturn in the housing market, Chowchilla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chowchilla appreciation rates continue to be some of the highest in America, at 9.13%, which is higher than appreciation rates in 91.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chowchilla. Chowchilla appreciation rates in the latest quarter were at 0.67%, which equates to an annual appreciation rate of 2.69%.

Relative to California, our data show that Chowchilla's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$320,731

Chowchilla, CA HOME PRICES

Value Range
> $1,443,000 3.9
$1,082,001 - $1,443,000 0.5
$721,001 - $1,082,000 9.4
$577,001 - $721,000 1.4
$433,001 - $577,000 2.4
$289,001 - $433,000 27.0
$144,001 - $289,000 33.2
$72,001 - $144,000 19.9
$0 - $72,000 2.2

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
14.4790812141099 64.2857142857143

Number Of Homes And Apartments:
3,602

Chowchilla 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
82.16% 3.54% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,261 / per month

Homeownership Rate

Homeownership
Owners 30.86
Renters 69.14
Vacant 13.25

Housing Market Details

 

Age of Homes

AGE OF Chowchilla HOMES
2000 or Newer 38.2
1970 - 1999 33.6
1940 - 1969 24.5
1939 or Older 3.7

Types of Homes

TYPE OF Chowchilla HOMES
Single-Family 78.8
Townhomes 3.5
Small Apt. Buildings 9.0
Apt. Complexes 6.6
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Chowchilla HOMES
No Bedroom 0.60
1 Bedroom 7.83
2 Bedrooms 25.02
3 Bedrooms 48.31
4 Bedrooms 15.49
5 or more bedrooms 2.75

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Zip Codes in Chowchilla, CA