Susanville, CA is known for its affordable housing costs. The median value of homes in the area is $240,500, significantly lower than the national average of $338,100. While the US has seen a year-over-year house appreciation rate of 8.27%, Susanville has only seen an appreciation rate of 3.89%. This slower appreciation rate makes it easier for individuals with smaller budgets to purchase a home. Additionally, the lower cost and slower appreciation make it an ideal investment opportunity for anyone looking to buy and hold property in Susanville.
The median home cost in Susanville is $240,500. Home appreciation the last 10 years has been 128.2%. Home Appreciation in Susanville is up 8.6%.
Average Age of Homes
- The median age of Susanville real estate is 39 years old
The Rental Market in Susanville
- Renters make up 44.3% of the Susanville population
- 2.5% of houses and apartments in Susanville, 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.