The housing market in 95457 Lower Lake, CA is slightly below the US median value of $338,100 at $413,800. While the US house appreciation rate was 8.27% in the last year, Lower Lake only experienced a 1.98% appreciation rate for the same time period. This difference in appreciation rates suggests that while real estate prices have gone up over the year, they are doing so at a slower rate than other areas of the country. Despite this slower rise in prices, Lower Lake still remains an attractive area for potential home buyers due to its relative affordability compared to other markets across the US.
The median home cost in Lower Lake (zip 95457) is $413,800. Home appreciation the last 10 years has been 121.5%. Home Appreciation in Lower Lake (zip 95457) is up 9.5%.
Average Age of Homes
- The median age of Lower Lake (zip 95457) real estate is 43 years old
The Rental Market in Lower Lake (zip 95457)
- Renters make up 18.4% of the Lower Lake (zip 95457) population
- 0.0% of houses and apartments in Lower Lake (zip 95457), 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.