Wasco, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wasco Neighborhoods Since 2000




Wasco, 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

Wasco Housing Market Information

With 26,279 people, 5,159 houses or apartments, and a median cost of homes of $176,965, Wasco real estate values are some of the lowest in California, although compared to real estate around the nation, Wasco homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Wasco, accounting for 70.02% of the city's housing units. Other types of housing that are prevalent in Wasco include duplexes, homes converted to apartments or other small apartment buildings ( 12.10%), large apartment complexes or high rise apartments ( 11.46%), and a few mobile homes or trailers ( 3.49%).

The most prevalent building size and type in Wasco are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.39% owning and 61.61% renting.

There is a lot of housing in Wasco 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 Wasco built between 1940-1969 ( 28.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.12%). There's also some housing in Wasco built before 1939 ( 5.28%).

Wasco Home Appreciation Rates

Homes have actually lost value in Wasco over the last then years, as home values have seen a decline of 29.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wasco home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

Appreciation rates are so strong in Wasco that despite a nationwide downturn in the housing market, Wasco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wasco appreciation rates continue to be some of the highest in America, at 9.98%, which is higher than appreciation rates in 93.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wasco. Wasco appreciation rates in the latest quarter were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to California, our data show that Wasco's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$176,965

Wasco, CA HOME PRICES

Value Range
> $1,324,000 0.3
$993,001 - $1,324,000 0.2
$662,001 - $993,000 0.3
$529,001 - $662,000 0.3
$397,001 - $529,000 2.0
$265,001 - $397,000 7.2
$132,001 - $265,000 64.9
$66,001 - $132,000 17.6
$0 - $66,000 7.2

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
39.1714520098441 90.8730158730159

Number Of Homes And Apartments:
5,159

Wasco 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
83.35% 3.58% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$828 / per month

Homeownership Rate

Homeownership
Owners 38.39
Renters 61.61
Vacant 6.15

Housing Market Details

 

Age of Homes

AGE OF Wasco HOMES
2000 or Newer 22.1
1970 - 1999 44.1
1940 - 1969 28.5
1939 or Older 5.3

Types of Homes

TYPE OF Wasco HOMES
Single-Family 70.0
Townhomes 2.9
Small Apt. Buildings 12.1
Apt. Complexes 11.5
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Wasco HOMES
No Bedroom 1.15
1 Bedroom 10.42
2 Bedrooms 26.91
3 Bedrooms 47.03
4 Bedrooms 13.32
5 or more bedrooms 1.18