Meadow Vista, CA - 95722 - Real Estate Market Appreciation & Housing Market Trends (2024)

Overview


Meadow Vista is a very small town located in the state of California. With a population of 3,263 people and just one neighborhood, Meadow Vista is the 596th largest community in California.

Housing costs in Meadow Vista are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.

Occupations and Workforce

Unlike some towns, Meadow Vista isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Meadow Vista are a mix of both white- and blue-collar jobs. Overall, Meadow Vista is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Meadow Vista who work in office and administrative support (13.50%), sales jobs (12.60%), and management occupations (9.71%).

A relatively large number of people in Meadow Vista telecommute to their jobs. Overall, about 19.99% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Meadow Vista is a great place for families with children to consider. First of all, many other families with children live here, making Meadow Vista a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Meadow Vista has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Meadow Vista’s overall crime rate is lower than average for the country.

One downside of living in Meadow Vista is that it can take a long time to commute to work. In Meadow Vista, the average commute to work is 31.20 minutes, which is quite a bit higher than the national average.

Meadow Vista is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Demographics

The population of Meadow Vista is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.30% of adults in Meadow Vista have a bachelor's degree or even advanced degree.

The per capita income in Meadow Vista in 2022 was $51,521, which is upper middle income relative to California, and wealthy relative to the rest of the US. This equates to an annual income of $206,084 for a family of four.

Meadow Vista is a somewhat ethnically-diverse town. The people who call Meadow Vista home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Meadow Vista residents report their race to be White, followed by Asian. Meadow Vista also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.34% of the town’s residents. Important ancestries of people in Meadow Vista include English, German, Irish, European, and Italian.

The most common language spoken in Meadow Vista is English. Other important languages spoken here include Spanish and Russian.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Of note is NeighborhoodScout's research finding that the neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the community truly stands out from the rest in this regard.

In addition, if you're nearing retirement age, or in retirement, the is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.1% of retiree-friendly neighborhoods in California, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in California. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the neighborhood has more English and Portuguese ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 24.5% of this neighborhood's residents have English ancestry and 3.0% have Portuguese ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the neighborhood in Meadow Vista are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 75.6% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 37.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.0%), and 17.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 92.6% of households. Some people also speak Spanish (4.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the neighborhood in Meadow Vista, CA, residents most commonly identify their ethnicity or ancestry as English (24.5%). There are also a number of people of German ancestry (14.9%), and residents who report Irish roots (13.6%), and some of the residents are also of Italian ancestry (5.0%), along with some Cuban ancestry residents (4.4%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (39.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (77.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

Meadow Vista, CA - 95722 - Real Estate Market Appreciation & Housing Market Trends (2024)

FAQs

What are the hottest real estate markets in California? ›

The top five Californian metros include Oxnard, San Diego, Riverside, Bakersfield, and Los Angeles. These five metros are expected to have sales growth of 13.1%, on average, in 2024, compared to an average decline of 4.1% for other Californian metros in the largest 100 list.”

Is the housing market dropping in California? ›

Experts suggest there may be some moderation in price growth, but it is unlikely that we will see broad declines in the California real estate market. Compared with previous cycles, 2024 shows similar trends around tight inventory and high demand.

What is the appreciation rate of real estate in California? ›

The average rate of appreciation in California came in at 6.77% annually over the 39 year time frame.

Is it a good time to buy a house in California? ›

California Housing Market Conditions

The current real estate market conditions in California are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.01%, marking a decline from approximately 8% in the preceding year of 2023.

Will house prices go down in 2024 in California? ›

California's median home price is forecast to climb 6.2 percent to $860,300 in 2024, following a projected 1.5 percent decrease to $810,000 in 2023 from 2022's $822,300. Housing affordability* is expected to remain flat at 17 percent next year from a projected 17 percent in 2023.

Is it a buyers or sellers market in California? ›

Median Days on Market (DOM)

The current median DOM in California is 27 days. This is lower compared to many other states, and it's well-known that California has been a market that typically favors sellers for years.

What is the best time to buy a house? ›

You'll find the best inventory of houses in spring. If you're after a bargain, consider searching for a house in late autumn or winter. Inventory is lower, but you have a higher likelihood of getting a house below the asking price.

Are San Diego or Inland Empire the riskiest housing markets in Southern California? ›

Fitch found one local problem spot: San Diego. Its home prices, up 6.2% last year, were calculated to be 15% to 19% too high at 2023's end, by this math. That's the second-highest level of risk in the study. Contrast that to Los Angeles and Orange counties, where prices rose 4.9% last year.

Will housing prices drop in 2025 in California? ›

While real estate prices could finally stabilize, it doesn't look like they'll drop in 2025. “Home prices are expected to continue rising, though at a more moderate pace,” said Shelly Cofini, a real estate expert and CSO at Redy. “Nationally, experts forecast 15%-25% price appreciation over the next five years.”

What homes appreciate the most? ›

Answer: Since 2012, the data is clear – single-family homes appreciate the fastest, followed by townhouses/duplexes, and then condos. Since 2012, the average single-family home has appreciated 69% compared to 27% for condos.

Is California real estate overvalued? ›

Buying in Hawaii and California can cost up to 70% or more of local per capita income. Housing costs were usually high in Maui, even before the devastating fires of August 2023.

How does the average person afford a house in California? ›

Affordability depends on both the costs of the housing, as well as the income and/or wages of households. Annual household income needed to qualify for a mortgage on a mid-tier California home in June 2024 was about $239,000—over 2 times the median California household income in 2022 ($95,500).

Will 2024 be a better time to buy a house? ›

The GDP is forecasted to grow by 0.7% in 2024, while the CPI is projected to drop to 2.6%. This will lead to lower mortgage rates, which are expected to decline to 6% in 2024, creating a more favorable market environment for buyers.

Will 2025 be a better time to buy a house? ›

If you're considering waiting until 2025 to buy a house, you may be wondering when will interest rates go down. Most economists anticipate that mortgage rates will decline somewhat in 2025, especially if the Federal Reserve cuts the federal funds rate again.

What month are houses cheapest in California? ›

In general, home prices go lower during the late fall and winter, when most people are focusing on holidays and less people are home-shopping. During late fall and winter, some sellers who were holding out for more money may be willing to negotiate a lower price.

Where is the best ROI in California? ›

Thousand Palms (zip code 92276) is the best residential real estate investment market in California. It has the 124th highest property value appreciation among markets we evaluated, with a 58.42% appreciation of the typical property over the last five years.

Where are the hottest housing markets? ›

Large Cities With the Hottest Real Estate Markets
Top CitiesScore*
1. San Jose, CA82.7
2. Oakland, CA73.2
3. San Diego, CA68.4
4. Virginia Beach, VA66.8
11 more rows
Jun 29, 2024

Where do real estate agents make the most money in California? ›

Agents practicing in areas like Los Angeles and Beverly Hills are more likely to earn higher sales. As a real estate agent in California, the dream of a lavish life is within reach.

Why the California bungalow is now the hottest piece of real estate? ›

Good-quality 1950s and 1960s homes are very much in vogue in these locations. An important part of their appeal is that they are spacious, with simple layouts and solidly built, so they can be remodelled relatively easily. Their uncluttered architectural style also makes them very adaptable.

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