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 a population of 10,650, 3,939 total housing units (homes and apartments), and a median house value of $391,825, real estate costs in Placerville 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.
Single-family detached homes are the single most common housing type in Placerville, accounting for 65.38% of the city's housing units. Other types of housing that are prevalent in Placerville include large apartment complexes or high rise apartments ( 14.73%), duplexes, homes converted to apartments or other small apartment buildings ( 12.28%), and a few mobile homes or trailers ( 4.37%).
People in Placerville primarily live in small (one, two or no bedroom) single-family detached homes. Placerville has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Placerville 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 Placerville built between 1940-1969 ( 33.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.19%). There's also some housing in Placerville built before 1939 ( 10.63%).
Vacant housing appears to be an issue in Placerville. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Placerville homes and apartments can be a drag on the real estate market, holding Placerville 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.
Placerville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Placerville during the period has been just -1.17%, which is lower than 70% of US communities.
Appreciation rates are so strong in Placerville that despite a nationwide downturn in the housing market, Placerville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Placerville appreciation rates continue to be some of the highest in America, at 10.15%, which is higher than appreciation rates in 94.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Placerville. Placerville appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.
Importantly, this makes Placerville 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 Placerville's latest annual appreciation rate is higher than 80% 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 Placerville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Placerville - 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 Placerville real estate investment or home purchase decisions.
|$1,020,001 - $1,360,000||2.1|
|$680,001 - $1,020,000||8.7|
|$544,001 - $680,000||9.2|
|$408,001 - $544,000||26.2|
|$272,001 - $408,000||30.1|
|$136,001 - $272,000||14.3|
|$68,001 - $136,000||2.3|
|$0 - $68,000||5.5|
|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 Placerville HOMES|
|2000 or Newer||12.2|
|1970 - 1999||43.3|
|1940 - 1969||33.9|
|1939 or Older||10.6|
|TYPE OF Placerville HOMES|
|Small Apt. Buildings||12.3|
|SIZE OF Placerville HOMES|
|5 or more bedrooms||0.18|