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 3,192 people, 1,811 houses or apartments, and a median cost of homes of $397,605, Mount Shasta real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mount Shasta, accounting for 53.20% of the city's housing units. Other types of housing that are prevalent in Mount Shasta include duplexes, homes converted to apartments or other small apartment buildings ( 33.33%), large apartment complexes or high rise apartments ( 9.41%), and a few row houses and other attached homes ( 3.74%).
People in Mount Shasta primarily live in small (one, two or no bedroom) single-family detached homes. Mount Shasta has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mount Shasta 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 Mount Shasta built before 1939 ( 24.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.74%). There's also some housing in Mount Shasta built between 2000 and later ( 5.66%).
Vacant housing appears to be an issue in Mount Shasta. Fully 17.31% of the housing stock is classified as vacant. Left unchecked, vacant Mount Shasta homes and apartments can be a drag on the real estate market, holding Mount Shasta 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 Mount Shasta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.21%, which ranks in the top 50% nationwide. This equates to an annual average Mount Shasta house appreciation rate of 6.86%.
Appreciation rates are so strong in Mount Shasta that despite a nationwide downturn in the housing market, Mount Shasta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Shasta appreciation rates continue to be some of the highest in America, at 12.11%, which is higher than appreciation rates in 73.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Shasta. Mount Shasta appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to California, our data show that Mount Shasta's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
$397,605
for California
for nation
1,811
$1,798 / per month