Loading Content...
Home Values and Ownership Trends in Zip Code 95467: Hidden Valley Lake's Resilient Housing Market
CATEGORY
Property Value
DATA
Percent Owner Occupied
Housing Prices
Median Rent
Population
Loading Content...
Property Value
Percent Owner Occupied
Housing Prices
Median Rent
Population
Hidden Valley Lake, located in zip code 95467 in California, is a community that has experienced dynamic shifts in homeownership rates and property values over the past decade. This analysis will explore the trends in ownership percentages, average home prices, and average rent prices, providing insights into the area's real estate market. The homeownership rate in Hidden Valley Lake has shown a general upward trend from 2013 to 2022. In 2013, the ownership rate was 72%, which increased to 76% by 2022. This rise in homeownership coincided with a significant increase in average home prices. In 2013, the average home price was $180,570, which more than doubled to $412,546 by 2022. This substantial appreciation in home values likely contributed to the growing preference for homeownership in the area.
The relationship between federal interest rates and homeownership rates in Hidden Valley Lake appears to follow the general economic principle that lower interest rates encourage homeownership. For instance, when interest rates were at historic lows between 2013 and 2016 (ranging from 0.11% to 0.40%), the homeownership rate increased from 72% to 74%. As interest rates began to rise more significantly from 2017 onwards, the homeownership rate fluctuated but generally remained high, reaching 76% in 2022 despite the interest rate climbing to 1.68%.
Renter percentages in Hidden Valley Lake have inversely mirrored the homeownership trends, decreasing from 28% in 2013 to 24% in 2022. Interestingly, average rent prices have not shown a consistent correlation with the renter percentage. The average rent increased from $1,668 in 2013 to $1,871 in 2021, before slightly decreasing to $1,691 in 2022. This suggests that factors beyond supply and demand, such as local economic conditions or housing policies, may be influencing rent prices in the area.
In 2023 and 2024, Hidden Valley Lake experienced a slight decline in average home prices, with values dropping from $412,546 in 2022 to $394,205 in 2023 and further to $385,909 in 2024. This decrease coincides with a significant rise in federal interest rates, which reached 5.02% in 2023 and 5.33% in 2024. These higher interest rates likely contributed to the cooling of the housing market in the area.
Looking ahead, based on the historical data and recent trends, we can forecast the following 5-year trends for Hidden Valley Lake: 1. Average home prices are likely to stabilize and potentially see modest growth, reaching approximately $420,000 by 2029. 2. Average rent prices may continue to fluctuate but are expected to show a gradual increase, potentially reaching around $1,950 by 2029.
In summary, Hidden Valley Lake has demonstrated a strong preference for homeownership, with rates increasing despite rising home prices. The area has shown resilience in its real estate market, with home values appreciating significantly over the past decade. While recent interest rate hikes have led to a slight cooling in home prices, the long-term trend suggests continued stability and potential growth in both the housing and rental markets.
