Porterville, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Porterville Neighborhoods Since 2000




Porterville, CA Real Estate Data


Porterville Housing Market Information

With a population of 56,058, 16,060 total housing units (homes and apartments), and a median house value of $184,418, Porterville real estate values are some of the lowest in California, although compared to real estate around the nation, Porterville homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Porterville, accounting for 72.28% of the city's housing units. Other types of housing that are prevalent in Porterville include duplexes, homes converted to apartments or other small apartment buildings ( 11.60%), large apartment complexes or high rise apartments ( 8.53%), and a few mobile homes or trailers ( 5.85%).

The most prevalent building size and type in Porterville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.99% owning and 44.01% renting.

There is a lot of housing in Porterville 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 Porterville built between 1940-1969 ( 21.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.37%). There's also some housing in Porterville built before 1939 ( 6.11%).

Porterville Home Appreciation Rates

Homes have actually lost value in Porterville over the last then years, as home values have seen a decline of 25.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Porterville home appreciation rates at 0.57%, which equates to an annual appreciation rate of 2.29%.

Appreciation rates are so strong in Porterville that despite a nationwide downturn in the housing market, Porterville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Porterville appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 73.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Porterville. Porterville appreciation rates in the latest quarter were at 0.57%, which equates to an annual appreciation rate of 2.29%.

Notably, Porterville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Porterville's latest annual appreciation rate is lower 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 Porterville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Porterville - 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 Porterville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$184,418

Porterville, CA HOME PRICES

Value Range
> $1,323,000 0.8
$992,001 - $1,323,000 0.4
$662,001 - $992,000 0.7
$529,001 - $662,000 0.8
$397,001 - $529,000 2.7
$265,001 - $397,000 15.9
$132,001 - $265,000 52.6
$66,001 - $132,000 20.0
$0 - $66,000 6.1

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
37.7115418399016 90.4887714663144

Number Of Homes And Apartments:
16,060

Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Homeownership
Owners 55.99
Renters 44.01
Vacant 7.29

Housing Market Details

 

Age of Homes

AGE OF Porterville HOMES
2000 or Newer 14.4
1970 - 1999 58.5
1940 - 1969 21.0
1939 or Older 6.1

Types of Homes

TYPE OF Porterville HOMES
Single-Family 72.3
Townhomes 1.7
Small Apt. Buildings 11.6
Apt. Complexes 8.5
Mobile Homes 5.8
Other 0.1

Home Size

SIZE OF Porterville HOMES
No Bedroom 2.38
1 Bedroom 7.83
2 Bedrooms 23.60
3 Bedrooms 53.05
4 Bedrooms 12.03
5 or more bedrooms 1.11

Porterville 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
74.62% 3.33% 5 9
* 10 is highest