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 16,850 people, 6,279 houses or apartments, and a median cost of homes of $963,241, real estate costs in Truckee are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Truckee, accounting for 85.72% of the town's housing units. Other types of housing that are prevalent in Truckee include duplexes, homes converted to apartments or other small apartment buildings ( 5.32%), large apartment complexes or high rise apartments ( 4.96%), and a few mobile homes or trailers ( 2.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Truckee. Owner-occupied housing accounts for 77.23% of Truckee's homes, and 74.94% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Truckee 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 Truckee built between 2000 and later ( 24.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.21%).
A decent proportion of the Truckee housing stock is seasonally occupied. That is, homes and condos in Truckee are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Truckee housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Truckee has experienced some of the highest home appreciation rates of any community in the nation. Truckee real estate appreciated 111.86% over the last ten years, which is an average annual home appreciation rate of 7.80%, putting Truckee in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Truckee definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Truckee appreciation rates have trailed the rest of the nation. In the last twelve months, Truckee's appreciation rate has been -0.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Truckee were at 2.50%, which equates to an annual appreciation rate of 10.36%.
Importantly, this makes Truckee one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Truckee's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Truckee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Truckee - 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 Truckee real estate investment or home purchase decisions.
$963,241
for California
for nation
6,279
$3,239 / per month