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 62,998 people, 18,925 houses or apartments, and a median cost of homes of $359,454, Porterville real estate values are some of the lowest in California, although compared to real estate around the nation, Porterville homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Porterville, accounting for 68.05% of the city's housing units. Other types of housing that are prevalent in Porterville include large apartment complexes or high rise apartments ( 13.11%), duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), and a few mobile homes or trailers ( 6.89%).
The most prevalent building size and type in Porterville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.77% owning and 46.23% renting.
There is a lot of housing in Porterville 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 Porterville built between 1940-1969 ( 26.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.26%). There's also some housing in Porterville built before 1939 ( 6.24%).
In the last 10 years, Porterville has experienced some of the highest home appreciation rates of any community in the nation. Porterville real estate appreciated 128.52% over the last ten years, which is an average annual home appreciation rate of 8.62%, putting Porterville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Porterville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Porterville that despite a nationwide downturn in the housing market, Porterville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Porterville appreciation rates continue to be some of the highest in America, at 9.68%, which is higher than appreciation rates in 85.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Porterville. Porterville appreciation rates in the latest quarter were at 0.42%, which equates to an annual appreciation rate of 1.71%.
Notably, Porterville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Porterville's latest annual appreciation rate is higher 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 Porterville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Porterville - 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 Porterville real estate investment or home purchase decisions.
$359,454
for California
for nation
18,925
$1,861 / per month