REEDLEY HOUSING MARKET INFORMATION With a population of 25,958, 7,204 total housing units (homes and apartments), and a median house value of $384,697, Reedley real estate values are some of the lowest in California, although compared to real estate around the nation, Reedley homes are still considered rather expensive. Single-family detached homes are the single most common housing type in Reedley, accounting for 69.31% of the city's housing units. Other types of housing that are prevalent in Reedley include large apartment complexes or high rise apartments ( 14.78%), duplexes, homes converted to apartments or other small apartment buildings ( 9.94%), and a few mobile homes or trailers ( 3.84%). The most prevalent building size and type in Reedley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.92% owning and 46.08% renting. There is a lot of housing in Reedley 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 Reedley built between 1940-1969 ( 24.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.30%). There's also some housing in Reedley built before 1939 ( 6.40%). REEDLEY HOME APPRECIATION RATES Appreciation rates for homes in Reedley have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 102.87%, which ranks in the top 40% nationwide. This equates to an annual average Reedley house appreciation rate of 7.33%. Over the last year, Reedley appreciation rates have trailed the rest of the nation. In the last twelve months, Reedley's appreciation rate has been 5.57%, 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 Reedley were at 1.35%, which equates to an annual appreciation rate of 5.51%. Relative to California, our data show that Reedley's latest annual appreciation rate is higher than 50% of the other cities and towns in California. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Reedley differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Reedley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Reedley real estate investment or home purchase decisions.