Frazier Park, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Frazier Park, CA Real Estate Data


Frazier Park Housing Market Information

With 2,800 people, 877 houses or apartments, and a median cost of homes of $202,187, Frazier Park real estate values are some of the lowest in California, although compared to real estate around the nation, Frazier Park homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Frazier Park, accounting for 88.38% of the town's housing units. Other types of housing that are prevalent in Frazier Park include mobile homes or trailers ( 6.88%), large apartment complexes or high rise apartments ( 3.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.68%).

People in Frazier Park primarily live in small (one, two or no bedroom) single-family detached homes. Frazier Park 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. Frazier Park's housing was primarily built during this period, from the '40s through the '60s. A full 44.11% of the town's housing hails from this era. Other housing ages represented in Frazier Park include homes built between 1970-1999 ( 36.85%) and housing constructed before 1939 ( 10.86%). There's also some housing in Frazier Park built between 2000 and later ( 8.18%).

Vacant housing appears to be an issue in Frazier Park. Fully 32.95% of the housing stock is classified as vacant. Left unchecked, vacant Frazier Park homes and apartments can be a drag on the real estate market, holding Frazier Park 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.

Frazier Park Home Appreciation Rates

Homes have actually lost value in Frazier Park over the last then years, as home values have seen a decline of 29.81% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Frazier Park home appreciation rates at 4.75%, which equates to an annual appreciation rate of 20.42%.

Appreciation rates are so strong in Frazier Park that despite a nationwide downturn in the housing market, Frazier Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Frazier Park appreciation rates continue to be some of the highest in America, at 15.74%, which is higher than appreciation rates in 99.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Frazier Park. Frazier Park appreciation rates in the latest quarter were at 4.75%, which equates to an annual appreciation rate of 20.42%.

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

Average Home Values

 

Median Home Value:
$202,187

Frazier Park, CA HOME PRICES

Value Range
> $1,346,000 0.0
$1,009,001 - $1,346,000 5.2
$673,001 - $1,009,000 1.6
$538,001 - $673,000 1.6
$403,001 - $538,000 6.7
$269,001 - $403,000 16.5
$135,001 - $269,000 31.8
$67,001 - $135,000 25.1
$0 - $67,000 11.6

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
31.3371616078753 85.7142857142857

Number Of Homes And Apartments:
877

Rent & Ownership

 

Average Market Rent:
$1,068 / per month

Homeownership Rate

Homeownership
Owners 41.16
Renters 58.84
Vacant 32.95

Housing Market Details

 

Age of Homes

AGE OF Frazier Park HOMES
2000 or Newer 8.2
1970 - 1999 36.9
1940 - 1969 44.1
1939 or Older 10.9

Types of Homes

TYPE OF Frazier Park HOMES
Single-Family 88.4
Townhomes 0.0
Small Apt. Buildings 1.7
Apt. Complexes 3.1
Mobile Homes 6.9
Other 0.0

Home Size

SIZE OF Frazier Park HOMES
No Bedroom 0.69
1 Bedroom 20.95
2 Bedrooms 37.46
3 Bedrooms 29.89
4 Bedrooms 9.17
5 or more bedrooms 1.83

Frazier Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
65.30% 2.96% 3 8
* 10 is highest

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