Patterson, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Patterson, CA Real Estate Data


Patterson Housing Market Information

With a population of 21,498, 5,613 total housing units (homes and apartments), and a median house value of $266,526, 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 89.75% of the city's housing units. Other types of housing that are prevalent in Patterson include row houses and other attached homes ( 4.97%), duplexes, homes converted to apartments or other small apartment buildings ( 1.91%), and a few mobile homes or trailers ( 1.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Patterson. Owner-occupied housing accounts for 65.62% of Patterson's homes, and 71.41% have either three or four bedrooms, which is average sized relative to America.

Patterson homes and real estate are some of the newest in America. 52.17% 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 ( 30.53%), and between 1940-1969 ( 9.78%). There's also some housing in Patterson built before 1939 ( 7.52%).

Patterson Home Appreciation Rates

Homes have actually lost value in Patterson over the last then years, as home values have seen a decline of 37.82% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Patterson home appreciation rates at 2.53%, which equates to an annual appreciation rate of 10.52%.

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 8.81%, which is higher than appreciation rates in 95.05% 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 2.53%, which equates to an annual appreciation rate of 10.52%.

Relative to California, our data show that Patterson's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$266,526

Patterson, CA HOME PRICES

Value Range
> $1,640,000 0.0
$1,231,001 - $1,640,000 0.0
$821,001 - $1,231,000 0.9
$656,001 - $821,000 0.3
$492,001 - $656,000 7.8
$328,001 - $492,000 22.4
$164,001 - $328,000 54.1
$82,001 - $164,000 9.9
$0 - $82,000 4.5

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
20.7764829888154 75.9577278731836

Number Of Homes And Apartments:
5,613

Rent & Ownership

 

Average Market Rent:
$1,609 / per month

Homeownership Rate

Homeownership
Owners 65.62
Renters 34.38
Vacant 5.84

Housing Market Details

 

Age of Homes

AGE OF Patterson HOMES
2000 or Newer 52.2
1970 - 1999 30.5
1940 - 1969 9.8
1939 or Older 7.5

Types of Homes

TYPE OF Patterson HOMES
Single-Family 89.8
Townhomes 5.0
Small Apt. Buildings 1.9
Apt. Complexes 1.6
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Patterson HOMES
No Bedroom 2.23
1 Bedroom 3.10
2 Bedrooms 9.71
3 Bedrooms 40.75
4 Bedrooms 30.67
5 or more bedrooms 13.54

Patterson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.01% 2.25% 1 5
* 10 is highest

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