Citrus Heights Real Estate Market
Citrus Heights offers warm climates and a great residential vibe. But for many people, the decision to live there will depend on home prices and how much they will appreciate.
How Much Will I Pay for a Citrus Heights Home?
The median home price in Citrus Heights is $411,171. The average rent is $2058. Although this may be expensive as compared to other cities in the U.S., it’s a lot cheaper than many nearby areas in California.
There are about 34,079 homes and apartments in Citrus Heights. 56.3% of the population own homes, 43.7% rent and 3.5% of properties are vacant.
Here’s a breakdown on what you can expect from the homeowner’s market.
- 9% of homes are under $67,000
- 3% of homes are between $67,001 and $134,000
- 3% of homes are between $134,001 and 268,000
- 1% of homes are between $268,001 and $403,000
- 7% of homes are between $403,001 and $537,000
- 1% of homes are between $537,001 and $671,000
- 7% of homes are between $671,001 and 1,007,000
- .4% of homes are between 1,007,001 and 1,342,000
- .6% of homes are over $1,342,000
What Types of Homes are Available?
Here’s what you can expect in terms of types of homes available in the area.
Age of Homes
- 9% of homes are 2000 or newer
- 6% of homes were built between 1970 and 1999
- 8% of homes were built between 1940 and 1969
- .7% of homes were built before 1939
Types of Homes
- 2% of homes are single family
- 1% of homes are townhouses
- 7% of homes are small apartment buildings
- 8% of homes are apartment complexes
- 9% of homes are mobile homes
- .2% fall into the category of ‘other’
Home Size
- 5% of homes have no bedroom
- 11% of homes have 1 bedroom
- 5% of homes have 2 bedrooms
- 1% of homes have 3 bedrooms
- 7% of homes have 4 bedrooms
- 1% of homes have 5 or more bedrooms
Appreciation Rates
Many people are concerned about appreciation rates. They want to know if they will be earning a good return on their investment when it ultimately comes time to sell.
Citrus Heights properties have gone up in value by 151.59% between the first quarter of 2000 and the second quarter of 2021. That makes for an annual appreciation rate of 4.38% a year.
On a scale of 1-10, appreciation rates rank at 7 as compared to the rest of California and 10 as compared to the rest of the country.
The neighborhoods with the highest appreciation rates are as follows:
- Lichen Dr./ Whyte Ave.
- Antelope Rd./ Rollingwood Blvd.
- Winnectica Ct./ Daly Ave.
- Sylvan Rd./ San Juan Ave.
- Roseville Rd./ Antelope Rd.
- Auburn Blvd./ Carriage Dr.
- Kenneth Ave./ Oak Ave.
- Cackler Ln./ Wood Duck Ln.
- Sunrise Blvd./ Greenback Ln.
- Mariposa Ave./ Greenback Ln.
To learn more about how buying a home in Citrus Heights is an investment in your future, call Real Estate Agent Michael D. Rehm at (916) 469-7041.