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 6,079, 2,214 total housing units (homes and apartments), and a median house value of $330,899, Willows real estate values are some of the lowest in California, although compared to real estate around the nation, Willows homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Willows, accounting for 59.35% of the city's housing units. Other types of housing that are prevalent in Willows include large apartment complexes or high rise apartments ( 31.53%), duplexes, homes converted to apartments or other small apartment buildings ( 4.72%), and a few mobile homes or trailers ( 4.40%).
The most prevalent building size and type in Willows are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.72% owning and 42.28% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Willows's housing was primarily built during this period, from the '40s through the '60s. A full 36.54% of the city's housing hails from this era. Other housing ages represented in Willows include homes built between 1970-1999 ( 34.76%) and housing constructed between 2000 and later ( 20.39%). There's also some housing in Willows built before 1939 ( 8.32%).
Vacant housing appears to be an issue in Willows. Fully 10.62% of the housing stock is classified as vacant. Left unchecked, vacant Willows homes and apartments can be a drag on the real estate market, holding Willows real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Willows's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.01% during the period.
Over the last year, Willows appreciation rates have trailed the rest of the nation. In the last twelve months, Willows's appreciation rate has been 1.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willows were at -0.72%, which equates to an annual appreciation rate of -2.86%.
Relative to California, our data show that Willows's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$330,899
for California
for nation
2,214
$1,827 / per month