Mendocino, CA is an affluent area with a median housing value of $799,600, which is more than double the US median house value of $338,100. Over the past year, the US house appreciation rate has been 8.27%, while Mendocino has only had a 1.98% appreciation rate. This disparity in appreciation rates highlights the difference between high-value housing markets and other areas of the country. Nonetheless, Mendocino remains an attractive market for buyers interested in investing in high-end real estate due to its strong property values and attractive location.
The median home cost in Mendocino is $799,600. Home appreciation the last 10 years has been 121.5%. Home Appreciation in Mendocino is up 9.5%.
Average Age of Homes
- The median age of Mendocino real estate is 49 years old
The Rental Market in Mendocino
- Renters make up 9.9% of the Mendocino population
- 0.0% of houses and apartments in Mendocino, 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.