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 a population of 6,399, 1,932 total housing units (homes and apartments), and a median house value of $127,179, house prices in Homeland are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Homeland, accounting for 82.48% of the town's housing units. Other types of housing that are prevalent in Homeland include single-family detached homes ( 16.40%), row houses and other attached homes ( 1.11%).
People in Homeland primarily live in small (one, two or no bedroom) mobile homes or trailers. Homeland has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Homeland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Homeland built between 1940-1969 ( 20.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.49%).
Vacant housing appears to be an issue in Homeland. Fully 17.26% of the housing stock is classified as vacant. Left unchecked, vacant Homeland homes and apartments can be a drag on the real estate market, holding Homeland 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.
Homes have actually lost value in Homeland over the last then years, as home values have seen a decline of 24.84% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Homeland home appreciation rates at 2.02%, which equates to an annual appreciation rate of 8.32%.
Appreciation rates are so strong in Homeland that despite a nationwide downturn in the housing market, Homeland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Homeland appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 87.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Homeland. Homeland appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.
Importantly, this makes Homeland 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 Homeland's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
|$1,002,001 - $1,335,000||0.0|
|$668,001 - $1,002,000||4.6|
|$534,001 - $668,000||0.7|
|$401,001 - $534,000||6.7|
|$267,001 - $401,000||20.3|
|$134,001 - $267,000||20.0|
|$67,001 - $134,000||32.3|
|$0 - $67,000||15.0|
|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 Homeland HOMES|
|2000 or Newer||13.5|
|1970 - 1999||66.1|
|1940 - 1969||20.4|
|1939 or Older||0.0|
|TYPE OF Homeland HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Homeland HOMES|
|5 or more bedrooms||3.17|