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 16,260 people, 5,621 houses or apartments, and a median cost of homes of $222,983, Oroville real estate values are some of the lowest in California, although compared to real estate around the nation, Oroville homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Oroville, accounting for 61.28% of the city's housing units. Other types of housing that are prevalent in Oroville include large apartment complexes or high rise apartments ( 17.79%), duplexes, homes converted to apartments or other small apartment buildings ( 10.88%), and a few row houses and other attached homes ( 6.74%).
People in Oroville primarily live in small (one, two or no bedroom) single-family detached homes. Oroville has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oroville's housing was primarily built during this period, from the '40s through the '60s. A full 36.88% of the city's housing hails from this era. Other housing ages represented in Oroville include homes built between 1970-1999 ( 32.21%) and housing constructed before 1939 ( 18.81%). There's also some housing in Oroville built between 2000 and later ( 12.11%).
Vacant housing appears to be an issue in Oroville. Fully 10.69% of the housing stock is classified as vacant. Left unchecked, vacant Oroville homes and apartments can be a drag on the real estate market, holding Oroville 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 Oroville over the last then years, as home values have seen a decline of 21.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Oroville home appreciation rates at 1.71%, which equates to an annual appreciation rate of 7.00%.
Appreciation rates are so strong in Oroville that despite a nationwide downturn in the housing market, Oroville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oroville appreciation rates continue to be some of the highest in America, at 8.80%, which is higher than appreciation rates in 90.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oroville. Oroville appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.00%.
Importantly, this makes Oroville 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 Oroville's latest annual appreciation rate is higher than 60% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oroville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oroville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oroville real estate investment or home purchase decisions.
|$1,002,001 - $1,336,000||0.4|
|$668,001 - $1,002,000||2.3|
|$534,001 - $668,000||3.3|
|$401,001 - $534,000||6.5|
|$267,001 - $401,000||14.0|
|$134,001 - $267,000||50.1|
|$67,001 - $134,000||13.8|
|$0 - $67,000||7.9|
|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 Oroville HOMES|
|2000 or Newer||12.1|
|1970 - 1999||32.2|
|1940 - 1969||36.9|
|1939 or Older||18.8|
|TYPE OF Oroville HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Oroville HOMES|
|5 or more bedrooms||1.26|