California, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating California Neighborhoods Since 2000




California, PA 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

California Housing Market Information

With a population of 6,608, 2,451 total housing units (homes and apartments), and a median house value of $105,783, house prices in California are solidly below the national average.

Single-family detached homes are the single most common housing type in California, accounting for 58.08% of the borough's housing units. Other types of housing that are prevalent in California include large apartment complexes or high rise apartments ( 26.55%), duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), and a few row houses and other attached homes ( 3.92%).

The most prevalent building size and type in California are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 43.69% owning and 56.31% renting.

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. California's housing was primarily built during this period, from the '40s through the '60s. A full 33.63% of the borough's housing hails from this era. Other housing ages represented in California include homes built before 1939 ( 28.94%) and housing constructed between 1970-1999 ( 25.18%). There's also some housing in California built between 2000 and later ( 12.24%).

Vacant housing appears to be an issue in California. Fully 21.87% of the housing stock is classified as vacant. Left unchecked, vacant California homes and apartments can be a drag on the real estate market, holding California 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.

California Home Appreciation Rates

Appreciation rates for homes in California have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.73%, which ranks in the top 30% nationwide. This equates to an annual average California house appreciation rate of 1.12%.

Over the last year, California appreciation rates have trailed the rest of the nation. In the last twelve months, California's appreciation rate has been 1.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in California were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that California's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$105,783

California, PA HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.0
$536,001 - $804,000 1.2
$429,001 - $536,000 3.9
$322,001 - $429,000 2.7
$215,001 - $322,000 7.4
$107,001 - $215,000 30.2
$53,001 - $107,000 37.2
$0 - $53,000 17.2

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
73.7489745693191 71.4975845410628

Number Of Homes And Apartments:
2,451

California Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
60.92% 2.80% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$501 / per month

Homeownership Rate

Homeownership
Owners 43.69
Renters 56.31
Vacant 21.87

Housing Market Details

 

Age of Homes

AGE OF California HOMES
2000 or Newer 12.2
1970 - 1999 25.2
1940 - 1969 33.6
1939 or Older 28.9

Types of Homes

TYPE OF California HOMES
Single-Family 58.1
Townhomes 3.9
Small Apt. Buildings 9.9
Apt. Complexes 26.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF California HOMES
No Bedroom 2.61
1 Bedroom 14.50
2 Bedrooms 29.39
3 Bedrooms 36.66
4 Bedrooms 14.89
5 or more bedrooms 1.94