CALIFORNIA CITY HOUSING MARKET INFORMATION With 13,802 people, 4,672 houses or apartments, and a median cost of homes of $344,112, California City real estate values are some of the lowest in California, although compared to real estate around the nation, California City homes are still considered rather expensive. Single-family detached homes are the single most common housing type in California City, accounting for 74.04% of the city's housing units. Other types of housing that are prevalent in California City include duplexes, homes converted to apartments or other small apartment buildings ( 12.50%), large apartment complexes or high rise apartments ( 7.55%), and a few mobile homes or trailers ( 4.39%). The most prevalent building size and type in California City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.90% owning and 49.10% renting. There is a lot of housing in California City 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 California City built between 2000 and later ( 35.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.53%). Vacant housing appears to be an issue in California City. Fully 13.11% of the housing stock is classified as vacant. Left unchecked, vacant California City homes and apartments can be a drag on the real estate market, holding California City 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 CITY HOME APPRECIATION RATES In the last 10 years, California City has experienced some of the highest home appreciation rates of any community in the nation. California City real estate appreciated 201.56% over the last ten years, which is an average annual home appreciation rate of 11.67%, putting California City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, California City definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Over the last year, California City appreciation rates have trailed the rest of the nation. In the last twelve months, California City's appreciation rate has been 5.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in California City were at 1.29%, which equates to an annual appreciation rate of 5.25%. Relative to California, our data show that California City's latest annual appreciation rate is lower than 50% of the other cities and towns in California.