The housing market in Chico, CA is slightly different from the national average. The median house value in Chico is $440,000, which is significantly higher than the US House Median Value of $338,100. Although the US has seen an appreciation rate of 8.27% over the past year, houses in Chico have only appreciated 3.09%. Despite this difference, Chico remains a desirable area for real estate investment and continues to be an attractive option for buying or renting a home.
The median home cost in Chico is $440,000. Home appreciation the last 10 years has been 129.9%. Home Appreciation in Chico is up 9.0%.
Average Age of Homes
- The median age of Chico real estate is 36 years old
The Rental Market in Chico
- Renters make up 50.1% of the Chico population
- 3.3% of houses and apartments in Chico, 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.