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 1,526 people, 584 houses or apartments, and a median cost of homes of $326,584, Mariposa real estate values are some of the lowest in California, although compared to real estate around the nation, Mariposa homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Mariposa, accounting for 55.29% of the town's housing units. Other types of housing that are prevalent in Mariposa include large apartment complexes or high rise apartments ( 18.90%), mobile homes or trailers ( 18.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.67%).
People in Mariposa primarily live in small (one, two or no bedroom) single-family detached homes. Mariposa has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mariposa 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 Mariposa built between 1940-1969 ( 40.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.62%). There's also some housing in Mariposa built before 1939 ( 4.09%).
Vacant housing appears to be an issue in Mariposa. Fully 17.63% of the housing stock is classified as vacant. Left unchecked, vacant Mariposa homes and apartments can be a drag on the real estate market, holding Mariposa 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.
Mariposa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mariposa during the period has been just 5.21%, which is lower than 70% of US communities.
Over the last year, Mariposa appreciation rates have trailed the rest of the nation. In the last twelve months, Mariposa'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 Mariposa were at 2.50%, which equates to an annual appreciation rate of 10.36%.
Importantly, this makes Mariposa 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 Mariposa's latest annual appreciation rate is lower than 70% of the other cities and towns in California.
$326,584
for California
for nation
584
$1,515 / per month