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 7,946 people, 2,693 houses or apartments, and a median cost of homes of $541,982, 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 39.85% of the town's housing units. Other types of housing that are prevalent in Mammoth Lakes include single-family detached homes ( 26.31%), duplexes, homes converted to apartments or other small apartment buildings ( 19.76%), and a few row houses and other attached homes ( 11.23%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
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 2000 and later ( 11.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.04%). There's also some housing in Mammoth Lakes built before 1939 ( 2.30%).
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.
Homes have actually lost value in Mammoth Lakes over the last then years, as home values have seen a decline of 21.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mammoth Lakes home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.
Appreciation rates are so strong in Mammoth Lakes that despite a nationwide downturn in the housing market, Mammoth Lakes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mammoth Lakes appreciation rates continue to be some of the highest in America, at 5.99%, which is higher than appreciation rates in 73.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mammoth Lakes. Mammoth Lakes appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.
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 80% of the other cities and towns in California.
|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 Mammoth Lakes HOMES|
|2000 or Newer||11.2|
|1970 - 1999||76.5|
|1940 - 1969||10.0|
|1939 or Older||2.3|
|TYPE OF Mammoth Lakes HOMES|
|Small Apt. Buildings||19.8|
|SIZE OF Mammoth Lakes HOMES|
|5 or more bedrooms||2.30|