Mammoth Lakes, CA is a great place to consider buying a home. The median value of housing in the area is $742,400, which is significantly higher than the US House median value of $338,100. Despite this substantial difference, the 1 year house appreciation rate for Mammoth Lakes was only 3.84%, significantly lower than the 8.27% rate of appreciation for the US as a whole. This could indicate that Mammoth Lakes is a relatively stable and safe investment for those looking to buy or sell a property in the area.
The median home cost in Mammoth Lakes is $742,400. Home appreciation the last 10 years has been 182.0%. Home Appreciation in Mammoth Lakes is up 11.6%.
Average Age of Homes
- The median age of Mammoth Lakes real estate is 38 years old
The Rental Market in Mammoth Lakes
- Renters make up 15.9% of the Mammoth Lakes population
- 6.0% of houses and apartments in Mammoth Lakes, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.