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 6,856, 2,867 total housing units (homes and apartments), and a median house value of $782,000, real estate costs in Loomis 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 Loomis, accounting for 86.05% of the town's housing units. Other types of housing that are prevalent in Loomis include row houses and other attached homes ( 6.21%), duplexes, homes converted to apartments or other small apartment buildings ( 3.85%), and a few mobile homes or trailers ( 3.40%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Loomis. Owner-occupied housing accounts for 85.71% of Loomis's homes, and 75.99% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Loomis 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 Loomis built between 1940-1969 ( 23.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.08%).
Appreciation rates for homes in Loomis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.29%, which ranks in the top 40% nationwide. This equates to an annual average Loomis house appreciation rate of 7.30%.
NeighborhoodScout's data show that during the latest twelve months, Loomis's appreciation rate, at 6.34%, has been at or slightly above the national average. In the latest quarter, Loomis's appreciation rate has been 0.13%, which annualizes to a rate of 0.52%.
Notably, Loomis's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Loomis's latest annual appreciation rate is higher than 50% of the other cities and towns in California.
$782,000
for California
for nation
2,867
$2,790 / per month