Patterson, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Patterson Neighborhoods Since 2000




Patterson, 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

Patterson Housing Market Information

With 21,498 people, 5,680 houses or apartments, and a median cost of homes of $282,405, Patterson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Patterson, accounting for 89.52% of the city's housing units. Other types of housing that are prevalent in Patterson include row houses and other attached homes ( 5.44%), mobile homes or trailers ( 2.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.60%).

The most prevalent building size and type in Patterson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.76% owning and 36.24% renting.

Patterson homes and real estate are some of the newest in America. 53.27% of Patterson's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Patterson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.55%), and between 1940-1969 ( 10.20%). There's also some housing in Patterson built before 1939 ( 5.97%).

Patterson Home Appreciation Rates

Homes have actually lost value in Patterson over the last then years, as home values have seen a decline of 33.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Patterson home appreciation rates at 1.84%, which equates to an annual appreciation rate of 7.58%.

Appreciation rates are so strong in Patterson that despite a nationwide downturn in the housing market, Patterson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Patterson appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 88.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Patterson. Patterson appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.58%.

Importantly, this makes Patterson 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 Patterson's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$282,405

Patterson, CA HOME PRICES

Value Range
> $1,475,000 0.0
$1,106,001 - $1,475,000 0.0
$737,001 - $1,106,000 1.4
$590,001 - $737,000 0.9
$442,001 - $590,000 12.2
$295,001 - $442,000 24.8
$147,001 - $295,000 46.4
$73,001 - $147,000 9.4
$0 - $73,000 4.8

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.1999296847533 70.5026455026455

Number Of Homes And Apartments:
5,680

Patterson 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
49.60% 2.36% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,745 / per month

Homeownership Rate

Homeownership
Owners 63.76
Renters 36.24
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF Patterson HOMES
2000 or Newer 53.3
1970 - 1999 30.6
1940 - 1969 10.2
1939 or Older 6.0

Types of Homes

TYPE OF Patterson HOMES
Single-Family 89.5
Townhomes 5.4
Small Apt. Buildings 1.6
Apt. Complexes 1.0
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Patterson HOMES
No Bedroom 2.55
1 Bedroom 2.86
2 Bedrooms 9.87
3 Bedrooms 40.02
4 Bedrooms 29.91
5 or more bedrooms 14.79

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Zip Codes in Patterson, CA