Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,983, 2,029 total housing units (homes and apartments), and a median house value of $353,904, Crescent City real estate values are some of the lowest in California, although compared to real estate around the nation, Crescent City homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Crescent City, accounting for 49.36% of the city's housing units. Other types of housing that are prevalent in Crescent City include large apartment complexes or high rise apartments ( 25.98%), duplexes, homes converted to apartments or other small apartment buildings ( 16.85%), and a few mobile homes or trailers ( 4.32%).
Crescent City is dominated by renter-occupied one, two, or no bedrooms apartments. 75.81% of Crescent City's dwellings are rentals.
There is a lot of housing in Crescent City built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Crescent City built between 1940-1969 ( 29.60%). A lesser amount of the housing stock also hails from before 1939 ( 7.45%). There's also some housing in Crescent City built between 2000 and later ( 5.38%).
Vacant housing appears to be an issue in Crescent City. Fully 10.50% of the housing stock is classified as vacant. Left unchecked, vacant Crescent City homes and apartments can be a drag on the real estate market, holding Crescent City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Crescent City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.83%, which ranks in the top 30% nationwide. This equates to an annual average Crescent City house appreciation rate of 7.59%.
Over the last year, Crescent City appreciation rates have trailed the rest of the nation. In the last twelve months, Crescent City's appreciation rate has been -0.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crescent City were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Notably, Crescent City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Crescent City's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Crescent City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crescent City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Crescent City real estate investment or home purchase decisions.
$353,904
for California
for nation
2,029
$1,571 / per month