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 about Scout's Real Estate Data
With 7,093 people, 3,101 houses or apartments, and a median cost of homes of $610,951, real estate costs in Mammoth Lakes 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.
Large apartment complexes or high rise apartments are the single most common housing type in Mammoth Lakes, accounting for 40.32% of the town's housing units. Other types of housing that are prevalent in Mammoth Lakes include single-family detached homes ( 34.35%), duplexes, homes converted to apartments or other small apartment buildings ( 14.97%), and a few row houses and other attached homes ( 7.13%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Mammoth Lakes primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Mammoth Lakes has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mammoth Lakes 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 Mammoth Lakes built between 1940-1969 ( 15.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.73%). There's also some housing in Mammoth Lakes built before 1939 ( 2.47%).
A decent proportion of the Mammoth Lakes housing stock is seasonally occupied. That is, homes and condos in Mammoth Lakes are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Mammoth Lakes housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Mammoth Lakes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.11%, which ranks in the top 50% nationwide. This equates to an annual average Mammoth Lakes house appreciation rate of 6.35%.
Over the last year, Mammoth Lakes appreciation rates have trailed the rest of the nation. In the last twelve months, Mammoth Lakes's appreciation rate has been -0.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mammoth Lakes were at 2.50%, which equates to an annual appreciation rate of 10.36%.
Importantly, this makes Mammoth Lakes 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 Mammoth Lakes's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
$610,951
$1,553 / per month