The housing market in Sonora, CA Metro Area is performing well compared to the national average. The median value of homes in the area is currently $361,500, which is slightly higher than the US median value of $338,100. In terms of appreciation, the US house appreciation rate for one year is 8.27%, while Sonora houses appreciate 6.81% over the same period. This suggests that housing in Sonora has held its value better than the national average, indicating a healthy market and a good investment opportunity for potential buyers.
The median home cost in Sonora Metro Area is $361,500. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Sonora Metro Area is up 11.1%.
Average Age of Homes
- The median age of Sonora Metro Area real estate is 38 years old
The Rental Market in Sonora Metro Area
- Renters make up 21.8% of the Sonora Metro Area population
- 1.3% of houses and apartments in Sonora 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.