Lakeport, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lakeport Neighborhoods Since 2000




Lakeport, CA Real Estate Data


Lakeport Housing Market Information

With a population of 4,807, 2,015 total housing units (homes and apartments), and a median house value of $222,473, Lakeport real estate values are some of the lowest in California, although compared to real estate around the nation, Lakeport homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Lakeport, accounting for 63.48% of the city's housing units. Other types of housing that are prevalent in Lakeport include duplexes, homes converted to apartments or other small apartment buildings ( 16.85%), large apartment complexes or high rise apartments ( 9.44%), and a few mobile homes or trailers ( 9.15%).

People in Lakeport primarily live in small (one, two or no bedroom) single-family detached homes. Lakeport has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lakeport 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 Lakeport built between 1940-1969 ( 30.62%). A lesser amount of the housing stock also hails from before 1939 ( 13.73%). There's also some housing in Lakeport built between 2000 and later ( 4.87%).

Vacant housing appears to be an issue in Lakeport. Fully 16.18% of the housing stock is classified as vacant. Left unchecked, vacant Lakeport homes and apartments can be a drag on the real estate market, holding Lakeport 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.

Lakeport Home Appreciation Rates

Homes have actually lost value in Lakeport over the last then years, as home values have seen a decline of 27.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lakeport home appreciation rates at 2.41%, which equates to an annual appreciation rate of 9.99%.

Appreciation rates are so strong in Lakeport that despite a nationwide downturn in the housing market, Lakeport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lakeport appreciation rates continue to be some of the highest in America, at 11.29%, which is higher than appreciation rates in 95.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lakeport. Lakeport appreciation rates in the latest quarter were at 2.41%, which equates to an annual appreciation rate of 9.99%.

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

Average Home Values

 

Median Home Value:
$222,473

Lakeport, CA HOME PRICES

Value Range
> $1,309,000 0.0
$982,001 - $1,309,000 0.1
$655,001 - $982,000 0.8
$524,001 - $655,000 6.3
$393,001 - $524,000 8.1
$262,001 - $393,000 23.3
$131,001 - $262,000 33.0
$65,001 - $131,000 16.0
$0 - $65,000 12.4

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
26.8721434431032 81.6137566137566

Number Of Homes And Apartments:
2,015

Rent & Ownership

 

Average Market Rent:
$1,102 / per month

Homeownership Rate

Homeownership
Owners 55.52
Renters 44.48
Vacant 16.18

Housing Market Details

 

Age of Homes

AGE OF Lakeport HOMES
2000 or Newer 4.9
1970 - 1999 50.8
1940 - 1969 30.6
1939 or Older 13.7

Types of Homes

TYPE OF Lakeport HOMES
Single-Family 63.5
Townhomes 1.1
Small Apt. Buildings 16.8
Apt. Complexes 9.4
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Lakeport HOMES
No Bedroom 3.16
1 Bedroom 9.86
2 Bedrooms 42.76
3 Bedrooms 36.31
4 Bedrooms 6.32
5 or more bedrooms 1.58

Lakeport 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
60.75% 2.79% 3 8
* 10 is highest

Popular Neighborhoods in Lakeport

Zip Codes in Lakeport, CA