Willits, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Willits Neighborhoods Since 2000




Willits, 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

Willits Housing Market Information

With 4,861 people, 2,067 houses or apartments, and a median cost of homes of $256,660, Willits real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Willits, accounting for 54.71% of the city's housing units. Other types of housing that are prevalent in Willits include duplexes, homes converted to apartments or other small apartment buildings ( 20.05%), large apartment complexes or high rise apartments ( 12.75%), and a few mobile homes or trailers ( 8.59%).

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

There is a lot of housing in Willits 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 Willits built between 1940-1969 ( 32.76%). A lesser amount of the housing stock also hails from before 1939 ( 17.09%). There's also some housing in Willits built between 2000 and later ( 7.88%).

Willits Home Appreciation Rates

Homes have actually lost value in Willits over the last then years, as home values have seen a decline of 19.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Willits home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.

Appreciation rates are so strong in Willits that despite a nationwide downturn in the housing market, Willits real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willits appreciation rates continue to be some of the highest in America, at 12.24%, which is higher than appreciation rates in 97.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willits. Willits appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.

Importantly, this makes Willits 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 Willits's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$256,660

Willits, CA HOME PRICES

Value Range
> $1,347,000 0.0
$1,010,001 - $1,347,000 4.6
$673,001 - $1,010,000 0.4
$539,001 - $673,000 5.2
$404,001 - $539,000 8.7
$269,001 - $404,000 36.3
$135,001 - $269,000 15.7
$67,001 - $135,000 10.8
$0 - $67,000 18.2

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
21.5516231102777 75.3968253968254

Number Of Homes And Apartments:
2,067

Willits 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
75.14% 3.30% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 45.15
Renters 54.85
Vacant 8.50

Housing Market Details

 

Age of Homes

AGE OF Willits HOMES
2000 or Newer 7.9
1970 - 1999 42.3
1940 - 1969 32.8
1939 or Older 17.1

Types of Homes

TYPE OF Willits HOMES
Single-Family 54.7
Townhomes 3.9
Small Apt. Buildings 20.1
Apt. Complexes 12.7
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Willits HOMES
No Bedroom 4.91
1 Bedroom 16.78
2 Bedrooms 34.17
3 Bedrooms 41.30
4 Bedrooms 0.89
5 or more bedrooms 1.95

Popular Neighborhoods in Willits

Zip Codes in Willits, CA