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 7,597, 3,256 total housing units (homes and apartments), and a median house value of $131,542, house prices in Yreka are solidly below the national average.
Single-family detached homes are the single most common housing type in Yreka, accounting for 60.36% of the city's housing units. Other types of housing that are prevalent in Yreka include large apartment complexes or high rise apartments ( 21.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.57%), and a few mobile homes or trailers ( 4.67%).
The most prevalent building size and type in Yreka are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.51% owning and 48.49% renting.
There is a lot of housing in Yreka 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 Yreka built between 1940-1969 ( 28.61%). A lesser amount of the housing stock also hails from before 1939 ( 12.81%). There's also some housing in Yreka built between 2000 and later ( 9.95%).
Vacant housing appears to be an issue in Yreka. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Yreka homes and apartments can be a drag on the real estate market, holding Yreka 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.
Homes have actually lost value in Yreka over the last then years, as home values have seen a decline of 29.07% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Yreka home appreciation rates at 1.82%, which equates to an annual appreciation rate of 7.47%.
Appreciation rates are so strong in Yreka that despite a nationwide downturn in the housing market, Yreka real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yreka appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yreka. Yreka appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.47%.
Importantly, this makes Yreka 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 Yreka's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
|$847,001 - $1,129,000||0.2|
|$565,001 - $847,000||3.4|
|$452,001 - $565,000||1.0|
|$339,001 - $452,000||6.1|
|$226,001 - $339,000||17.2|
|$113,001 - $226,000||46.4|
|$56,001 - $113,000||13.8|
|$0 - $56,000||11.8|
|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 Yreka HOMES|
|2000 or Newer||9.9|
|1970 - 1999||48.6|
|1940 - 1969||28.6|
|1939 or Older||12.8|
|TYPE OF Yreka HOMES|
|Small Apt. Buildings||10.6|
|SIZE OF Yreka HOMES|
|5 or more bedrooms||0.49|