The housing market in the Chico, CA Metro Area is a great investment choice for those looking to get into the real estate market. The median value of a house in this area is $381,600, which is higher than the US national median value of $338,100. In the past year, house appreciation in Chico has been 4.70% compared to 8.27% nationally. This means that not only do you have an opportunity to purchase a more valuable house in Chico but your investment could also increase over time at a rate greater than the national average.
The median home cost in Chico Metro Area is $381,600. Home appreciation the last 10 years has been 129.9%. Home Appreciation in Chico Metro Area is up 9.0%.
Average Age of Homes
- The median age of Chico Metro Area real estate is 39 years old
The Rental Market in Chico Metro Area
- Renters make up 35.8% of the Chico Metro Area population
- 2.8% of houses and apartments in Chico Metro Area, 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.