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 16,299, 6,358 total housing units (homes and apartments), and a median house value of $543,543, real estate costs in Truckee 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 Truckee, accounting for 82.30% of the town's housing units. Other types of housing that are prevalent in Truckee include duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), large apartment complexes or high rise apartments ( 4.43%), and a few mobile homes or trailers ( 3.54%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Truckee. Owner-occupied housing accounts for 66.62% of Truckee's homes, and 69.19% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Truckee 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 Truckee built between 2000 and later ( 20.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.42%). There's also some housing in Truckee built before 1939 ( 1.64%).
A decent proportion of the Truckee housing stock is seasonally occupied. That is, homes and condos in Truckee are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Truckee housing market speaks to its popularity as a vacation location of choice.
Real estate appreciation rates in Truckee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.
Appreciation rates are so strong in Truckee that despite a nationwide downturn in the housing market, Truckee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Truckee appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Truckee. Truckee appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.
Importantly, this makes Truckee one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Truckee's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Truckee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Truckee - 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 Truckee real estate investment or home purchase decisions.
|$960,001 - $1,280,000||10.2|
|$640,001 - $960,000||28.1|
|$512,001 - $640,000||19.7|
|$384,001 - $512,000||15.2|
|$256,001 - $384,000||11.1|
|$128,001 - $256,000||5.0|
|$64,001 - $128,000||1.7|
|$0 - $64,000||3.4|
|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 Truckee HOMES|
|2000 or Newer||20.3|
|1970 - 1999||69.6|
|1940 - 1969||8.4|
|1939 or Older||1.6|
|TYPE OF Truckee HOMES|
|Small Apt. Buildings||7.5|
|SIZE OF Truckee HOMES|
|5 or more bedrooms||4.52|