Loomis, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Loomis Neighborhoods Since 2000




Loomis, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Loomis Housing Market Information

With 6,733 people, 2,202 houses or apartments, and a median cost of homes of $421,586, real estate costs in Loomis 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 Loomis, accounting for 84.61% of the town's housing units. Other types of housing that are prevalent in Loomis include row houses and other attached homes ( 10.39%), mobile homes or trailers ( 3.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Loomis. Owner-occupied housing accounts for 76.89% of Loomis's homes, and 74.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Loomis 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 Loomis built between 1940-1969 ( 23.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.97%). There's also some housing in Loomis built before 1939 ( 4.19%).

Vacant housing appears to be an issue in Loomis. Fully 11.28% of the housing stock is classified as vacant. Left unchecked, vacant Loomis homes and apartments can be a drag on the real estate market, holding Loomis 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.

Loomis Home Appreciation Rates

Real estate appreciation rates in Loomis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Appreciation rates are so strong in Loomis that despite a nationwide downturn in the housing market, Loomis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Loomis appreciation rates continue to be some of the highest in America, at 10.58%, which is higher than appreciation rates in 95.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Loomis. Loomis appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Loomis 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 Loomis's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$421,586

Loomis, CA HOME PRICES

Value Range
> $1,384,000 3.2
$1,038,001 - $1,384,000 5.2
$692,001 - $1,038,000 14.5
$554,001 - $692,000 11.9
$415,001 - $554,000 19.0
$277,001 - $415,000 32.8
$138,001 - $277,000 8.2
$69,001 - $138,000 1.3
$0 - $69,000 4.0

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.46126801828196 50.7936507936508

Number Of Homes And Apartments:
2,202

Loomis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
91.38% 3.83% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,649 / per month

Homeownership Rate

Homeownership
Owners 76.89
Renters 23.11
Vacant 11.28

Housing Market Details

 

Age of Homes

AGE OF Loomis HOMES
2000 or Newer 12.0
1970 - 1999 59.9
1940 - 1969 24.0
1939 or Older 4.2

Types of Homes

TYPE OF Loomis HOMES
Single-Family 84.6
Townhomes 10.4
Small Apt. Buildings 1.3
Apt. Complexes 0.4
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Loomis HOMES
No Bedroom 0.00
1 Bedroom 3.63
2 Bedrooms 15.39
3 Bedrooms 45.21
4 Bedrooms 29.65
5 or more bedrooms 6.12