Top 5 Rebounding Real Estate Neighborhoods in California

This post is originally from Safeer’s new project Housing Rebound.

At Housing Rebound, we are always crunching numbers and analyzing data in order to determine the best neighborhoods to invest in. As previously discussed, these are a number of factors when analyzing neighborhoods from a real estate investment perspective. These factors include: Median Value, $ / sqft, YoY, % Fall from Peak, Price to Rent Ratio, Average GreatSchools Rating and Size Rank.

Based on all of these factors, we have determined the top 5 rebounding real estate neighborhoods in California.

Modesto

1. Modesto, CA 95355 – Strong YoY, Great Schools

Median Value: $221,100
YoY: 33%
$ / sqft: $127.24
Peak Month: 2006-01
% Fall from Peak: -45%
Price to Rent Ratio: 14.79
GreatSchools Rating: 7.4

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2. Hesperia, CA 92345 – Great $ / sqft price

Median Value: $152,000
YoY: 35%
$ / sqft: $94.64
Peak Month: 2006-07
% Fall from Peak: -53%
Price to Rent Ratio: 11.37
GreatSchools Rating: 5.4

Zillow Search

3. Fresno, CA 93722 – Great overall mix

Median Value: $174,400
YoY: 25%
$ / sqft: $112.41
Peak Month: 2006-04
% Fall from Peak: -44%
Price to Rent Ratio: 11.64<
GreatSchools Rating: 5.9

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4. Stockton, CA 95207 – Great $ / sqft price

Median Value: $160,700
YoY: 30%
$ / sqft: $94.49
Peak Month: 2006-02
% Fall from Peak: -55%
Price to Rent Ratio: 11.76
GreatSchools Rating: 4.25

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5. Cathedral City, CA 92234 – Great overall mix

Median Value: $209,700
YoY: 30%
$ / sqft: $126.85
Peak Month: 2006-05
% Fall from Peak: -43%
Price to Rent Ratio: 11.55
GreatSchools Rating: 5.0

Zillow Search

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