The housing market in Placer County, California is growing steadily. The median value for a house in the county is $642,000 and is significantly higher than the national median of $338,100. The one-year appreciation rate for homes in Placer County is at 2.89%, which is lower than the US average of 8.27%. This suggests that while there is some growth in the housing market there, it might be slower than the rest of the country. With a relatively low appreciation rate and high median value, buying a home in Placer County may prove difficult for many people but could still bring great rewards over time.
The median home cost in Placer County is $642,000. Home appreciation the last 10 years has been 145.7%. Home Appreciation in Placer County is up 9.8%.
Average Age of Homes
- The median age of Placer County real estate is 26 years old
The Rental Market in Placer County
- Renters make up 25.5% of the Placer County population
- 0.8% of houses and apartments in Placer County, 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.