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 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.
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.
|$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|
|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 Forestville HOMES|
|2000 or Newer||6.8|
|1970 - 1999||36.0|
|1940 - 1969||44.0|
|1939 or Older||13.1|
|TYPE OF Forestville HOMES|
|Small Apt. Buildings||4.7|
|SIZE OF Forestville HOMES|
|5 or more bedrooms||0.84|