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 25,569, 6,894 total housing units (homes and apartments), and a median house value of $196,759, Reedley real estate values are some of the lowest in California, although compared to real estate around the nation, Reedley homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Reedley, accounting for 74.93% of the city's housing units. Other types of housing that are prevalent in Reedley include large apartment complexes or high rise apartments ( 11.60%), duplexes, homes converted to apartments or other small apartment buildings ( 9.63%), and a few row houses and other attached homes ( 2.17%).
The most prevalent building size and type in Reedley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.77% owning and 41.23% renting.
There is a lot of housing in Reedley 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 Reedley built between 1940-1969 ( 25.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.96%). There's also some housing in Reedley built before 1939 ( 7.14%).
Homes have actually lost value in Reedley over the last then years, as home values have seen a decline of 20.88% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Reedley home appreciation rates at 2.10%, which equates to an annual appreciation rate of 8.66%.
Appreciation rates are so strong in Reedley that despite a nationwide downturn in the housing market, Reedley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Reedley appreciation rates continue to be some of the highest in America, at 8.14%, which is higher than appreciation rates in 87.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Reedley. Reedley appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.66%.
Importantly, this makes Reedley 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 Reedley's latest annual appreciation rate is higher than 50% 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 Reedley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Reedley - 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 Reedley real estate investment or home purchase decisions.
|$976,001 - $1,301,000||0.4|
|$651,001 - $976,000||1.6|
|$521,001 - $651,000||1.5|
|$391,001 - $521,000||4.8|
|$260,001 - $391,000||21.6|
|$130,001 - $260,000||56.4|
|$65,001 - $130,000||8.3|
|$0 - $65,000||5.0|
|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 Reedley HOMES|
|2000 or Newer||17.0|
|1970 - 1999||50.2|
|1940 - 1969||25.7|
|1939 or Older||7.1|
|TYPE OF Reedley HOMES|
|Small Apt. Buildings||9.6|
|SIZE OF Reedley HOMES|
|5 or more bedrooms||4.07|