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 6,774 people, 1,559 houses or apartments, and a median cost of homes of $230,760, Crescent City real estate values are some of the lowest in California, although compared to real estate around the nation, Crescent City homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Crescent City, accounting for 45.86% of the city's housing units. Other types of housing that are prevalent in Crescent City include duplexes, homes converted to apartments or other small apartment buildings ( 27.49%), large apartment complexes or high rise apartments ( 17.58%), and a few row houses and other attached homes ( 5.94%).
Crescent City is dominated by renter-occupied one, two, or no bedrooms apartments. 84.73% of Crescent City's dwellings are rentals.
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. Crescent City's housing was primarily built during this period, from the '40s through the '60s. A full 44.74% of the city's housing hails from this era. Other housing ages represented in Crescent City include homes built between 1970-1999 ( 35.27%) and housing constructed before 1939 ( 14.95%). There's also some housing in Crescent City built between 2000 and later ( 5.04%).
Vacant housing appears to be an issue in Crescent City. Fully 12.71% of the housing stock is classified as vacant. Left unchecked, vacant Crescent City homes and apartments can be a drag on the real estate market, holding Crescent City 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.
Crescent City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crescent City during the period has been just -1.93%, which is lower than 80% of US communities.
Appreciation rates are so strong in Crescent City that despite a nationwide downturn in the housing market, Crescent City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crescent City appreciation rates continue to be some of the highest in America, at 7.68%, which is higher than appreciation rates in 85.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crescent City. Crescent City appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.
Importantly, this makes Crescent City 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 Crescent City's latest annual appreciation rate is lower 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 Crescent City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crescent City - 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 Crescent City real estate investment or home purchase decisions.
|$908,001 - $1,210,000||0.2|
|$605,001 - $908,000||5.5|
|$484,001 - $605,000||8.0|
|$363,001 - $484,000||14.1|
|$242,001 - $363,000||23.4|
|$121,001 - $242,000||35.0|
|$60,001 - $121,000||7.8|
|$0 - $60,000||5.1|
|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 Crescent City HOMES|
|2000 or Newer||5.0|
|1970 - 1999||35.3|
|1940 - 1969||44.7|
|1939 or Older||14.9|
|TYPE OF Crescent City HOMES|
|Small Apt. Buildings||27.5|
|SIZE OF Crescent City HOMES|
|5 or more bedrooms||2.24|