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 4,807, 2,015 total housing units (homes and apartments), and a median house value of $226,362, 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.
Homes have actually lost value in Lakeport over the last then years, as home values have seen a decline of 25.84% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lakeport home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.
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 10.83%, which is higher than appreciation rates in 95.74% 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 1.82%, which equates to an annual appreciation rate of 7.47%.
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.
|$1,000,001 - $1,334,000||0.1|
|$667,001 - $1,000,000||0.8|
|$534,001 - $667,000||6.3|
|$400,001 - $534,000||8.1|
|$267,001 - $400,000||23.3|
|$133,001 - $267,000||33.0|
|$67,001 - $133,000||16.0|
|$0 - $67,000||12.4|
|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 Lakeport HOMES|
|2000 or Newer||4.9|
|1970 - 1999||50.8|
|1940 - 1969||30.6|
|1939 or Older||13.7|
|TYPE OF Lakeport HOMES|
|Small Apt. Buildings||16.8|
|SIZE OF Lakeport HOMES|
|5 or more bedrooms||1.58|