Tulelake, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tulelake Neighborhoods Since 2000




Tulelake, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tulelake Housing Market Information

With 994 people, 375 houses or apartments, and a median cost of homes of $117,056, house prices in Tulelake are solidly below the national average.

Single-family detached homes are the single most common housing type in Tulelake, accounting for 74.75% of the city's housing units. Other types of housing that are prevalent in Tulelake include duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), mobile homes or trailers ( 10.54%), and a few row houses and other attached homes ( 1.59%).

People in Tulelake primarily live in small (one, two or no bedroom) single-family detached homes. Tulelake has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tulelake's housing was primarily built during this period, from the '40s through the '60s. A full 46.12% of the city's housing hails from this era. Other housing ages represented in Tulelake include homes built between 1970-1999 ( 35.98%) and housing constructed before 1939 ( 11.13%). There's also some housing in Tulelake built between 2000 and later ( 6.76%).

Vacant housing appears to be an issue in Tulelake. Fully 25.45% of the housing stock is classified as vacant. Left unchecked, vacant Tulelake homes and apartments can be a drag on the real estate market, holding Tulelake 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.

Tulelake Home Appreciation Rates

Tulelake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tulelake during the period has been just -1.40%, which is lower than 80% of US communities.

Appreciation rates are so strong in Tulelake that despite a nationwide downturn in the housing market, Tulelake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tulelake appreciation rates continue to be some of the highest in America, at 8.41%, which is higher than appreciation rates in 88.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tulelake. Tulelake appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Tulelake 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 Tulelake's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$117,056

Tulelake, CA HOME PRICES

Value Range
> $1,265,000 0.0
$949,001 - $1,265,000 0.0
$633,001 - $949,000 3.7
$506,001 - $633,000 9.3
$380,001 - $506,000 4.2
$253,001 - $380,000 6.0
$127,001 - $253,000 25.5
$63,001 - $127,000 38.4
$0 - $63,000 13.0

Very Low for CA
Low for Nation

Value Relative to Nation Value Relative to State
67.156920192195 98.2804232804233

Number Of Homes And Apartments:
375

Tulelake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
94.46% 3.93% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$844 / per month

Homeownership Rate

Homeownership
Owners 38.40
Renters 61.60
Vacant 25.45

Housing Market Details

 

Age of Homes

AGE OF Tulelake HOMES
2000 or Newer 6.8
1970 - 1999 36.0
1940 - 1969 46.1
1939 or Older 11.1

Types of Homes

TYPE OF Tulelake HOMES
Single-Family 74.8
Townhomes 1.6
Small Apt. Buildings 11.7
Apt. Complexes 1.4
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Tulelake HOMES
No Bedroom 4.57
1 Bedroom 8.75
2 Bedrooms 44.73
3 Bedrooms 35.59
4 Bedrooms 4.97
5 or more bedrooms 1.39

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