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 5,026, 2,144 total housing units (homes and apartments), and a median house value of $287,523, Lakeport real estate values are some of the lowest in California, although compared to real estate around the nation, Lakeport homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Lakeport, accounting for 72.96% of the city's housing units. Other types of housing that are prevalent in Lakeport include large apartment complexes or high rise apartments ( 11.13%), mobile homes or trailers ( 9.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lakeport. Owner-occupied housing accounts for 70.34% of Lakeport's homes, and 51.81% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lakeport 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 Lakeport built between 1940-1969 ( 27.88%). A lesser amount of the housing stock also hails from before 1939 ( 10.69%). There's also some housing in Lakeport built between 2000 and later ( 6.86%).
Vacant housing appears to be an issue in Lakeport. Fully 14.48% of the housing stock is classified as vacant. Left unchecked, vacant Lakeport homes and apartments can be a drag on the real estate market, holding Lakeport 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.
Real estate appreciation rates in Lakeport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.
Over the last year, Lakeport appreciation rates have trailed the rest of the nation. In the last twelve months, Lakeport's appreciation rate has been 0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lakeport were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Notably, Lakeport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Lakeport's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
$287,523
for California
for nation
2,144
$1,142 / per month