The housing market in Lathrop, CA is comparatively expensive compared to the US median value for housing. The median value of a house in Lathrop is $583,100 while the US median value for a house is only $338,100. While the US has seen an appreciation of 8.27% over the past year, Lathrop's appreciation rate has been much lower at 3.40%. Despite this lower rate of appreciation, the high median home value in Lathrop indicates that it is still an attractive market for prospective buyers.
The median home cost in Lathrop is $583,100. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Lathrop is up 11.1%.
Average Age of Homes
- The median age of Lathrop real estate is 19 years old
The Rental Market in Lathrop
- Renters make up 27.0% of the Lathrop population
- 0.8% of houses and apartments in Lathrop, 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.