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.
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
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
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
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
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
About Author
Safeer Mohiuddin
Safeer Mohiuddin is a 21 year old Silicon Valley native. He is currently studying Computer Science at University of California, Irvine. He started his first business when he was 16 years old and ended up selling $100,000 worth of iPhones. Currently, he is the founder of UnderageInvestor - a resource for young people to educate themselves about personal finance from credit cards to investing in the stock market. In the past, he has worked at Amazon, SAP, Shmoop and a few of his own startups as well.