California, MO is a pleasant and affordable place to buy a home. The median value of housing in California is $189,000, which is considerably lower than the US median value of $338,100. However, the 1 year house appreciation rate in California is 10.43%, which is higher than the US average of 8.27%. This makes it an attractive investment for those who are looking to purchase a home in California. In addition to being cost-effective, it also offers excellent potential for growth in the future.
The median home cost in California is $189,000. Home appreciation the last 10 years has been 83.2%. Home Appreciation in California is up 19.9%.
Average Age of Homes
- The median age of California real estate is 50 years old
The Rental Market in California
- Renters make up 38.5% of the California population
- 1.4% of houses and apartments in California, 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.