Forestville, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Forestville Neighborhoods Since 2000




Forestville, 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

Forestville Housing Market Information

With 3,400 people, 1,492 houses or apartments, and a median cost of homes of $584,830, real estate costs in Forestville 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 Forestville, accounting for 82.25% of the town's housing units. Other types of housing that are prevalent in Forestville include mobile homes or trailers ( 6.74%), row houses and other attached homes ( 5.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.69%).

People in Forestville primarily live in small (one, two or no bedroom) single-family detached homes. Forestville 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. Forestville's housing was primarily built during this period, from the '40s through the '60s. A full 44.04% of the town's housing hails from this era. Other housing ages represented in Forestville include homes built between 1970-1999 ( 36.04%) and housing constructed before 1939 ( 13.12%). There's also some housing in Forestville built between 2000 and later ( 6.80%).

Vacant housing appears to be an issue in Forestville. Fully 10.23% of the housing stock is classified as vacant. Left unchecked, vacant Forestville homes and apartments can be a drag on the real estate market, holding Forestville 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.

Forestville Home Appreciation Rates

Appreciation rates for homes in Forestville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.68%, which ranks in the top 40% nationwide. This equates to an annual average Forestville house appreciation rate of 0.55%.

Appreciation rates are so strong in Forestville that despite a nationwide downturn in the housing market, Forestville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forestville appreciation rates continue to be some of the highest in America, at 11.07%, which is higher than appreciation rates in 96.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Forestville. Forestville appreciation rates in the latest quarter were at 3.16%, which equates to an annual appreciation rate of 13.27%.

Importantly, this makes Forestville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Forestville's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$584,830

Forestville, CA HOME PRICES

Value Range
> $1,412,000 5.2
$1,059,001 - $1,412,000 8.8
$706,001 - $1,059,000 19.0
$565,001 - $706,000 21.4
$424,001 - $565,000 19.9
$282,001 - $424,000 8.3
$141,001 - $282,000 7.2
$71,001 - $141,000 2.7
$0 - $71,000 7.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
4.1485995546701 30.952380952381

Number Of Homes And Apartments:
1,492

Forestville 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
82.66% 3.55% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,942 / per month

Homeownership Rate

Homeownership
Owners 64.40
Renters 35.60
Vacant 10.23

Housing Market Details

 

Age of Homes

AGE OF Forestville HOMES
2000 or Newer 6.8
1970 - 1999 36.0
1940 - 1969 44.0
1939 or Older 13.1

Types of Homes

TYPE OF Forestville HOMES
Single-Family 82.3
Townhomes 5.5
Small Apt. Buildings 4.7
Apt. Complexes 0.0
Mobile Homes 6.7
Other 0.8

Home Size

SIZE OF Forestville HOMES
No Bedroom 2.05
1 Bedroom 16.79
2 Bedrooms 42.60
3 Bedrooms 29.48
4 Bedrooms 8.24
5 or more bedrooms 0.84

Popular Neighborhoods in Forestville

Zip Codes in Forestville, CA