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 33,670, 7,359 total housing units (homes and apartments), and a median house value of $775,589, real estate costs in Lathrop 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.
Lathrop is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lathrop than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lathrop. Owner-occupied housing accounts for 83.59% of Lathrop's homes, and 76.28% have either three or four bedrooms, which is average sized relative to America.
Lathrop homes and real estate are some of the newest in America. 61.83% of Lathrop's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lathrop real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.15%), and between 1940-1969 ( 5.80%). There's also some housing in Lathrop built before 1939 ( 1.22%).
In the last 10 years, Lathrop has experienced some of the highest home appreciation rates of any community in the nation. Lathrop real estate appreciated 119.44% over the last ten years, which is an average annual home appreciation rate of 8.18%, putting Lathrop in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lathrop 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, Lathrop appreciation rates have trailed the rest of the nation. In the last twelve months, Lathrop's appreciation rate has been 4.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lathrop were at 1.04%, which equates to an annual appreciation rate of 4.24%.
Relative to California, our data show that Lathrop's latest annual appreciation rate is lower than 60% 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 Lathrop differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lathrop - 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 Lathrop real estate investment or home purchase decisions.
$775,589
for California
for nation
7,359
$2,982 / per month