Loading Content...
Johnson Ranch Housing Market: Stable Ownership Amid Fluctuating Home Values
CATEGORY
Property Value
DATA
Percent Owner Occupied
Housing Prices
Median Rent
Population
Loading Content...
Property Value
Percent Owner Occupied
Housing Prices
Median Rent
Population
Johnson Ranch, located in Roseville, California, has experienced significant changes in home values while maintaining stable ownership rates over the past decade. This vibrant neighborhood has shown resilience in its housing market, with average home prices more than doubling from 2013 to 2022.
The homeownership rate in Johnson Ranch has remained remarkably consistent, standing at 49% in both 2013 and 2022. During this period, average home prices saw a substantial increase from $382,111 in 2013 to $781,908 in 2022, representing a 104.6% rise over nine years. This trend suggests a strong demand for housing in the area despite the significant price appreciation.
Federal interest rates have played a role in the neighborhood's housing market dynamics. In 2013, when interest rates were at a low 0.11%, the homeownership rate was 49%. As interest rates gradually increased to 1.68% by 2022, the homeownership rate remained stable at 49%. This stability implies that local factors such as economic conditions and housing supply may have had a more significant impact on homeownership rates than interest rates alone.
Renter percentages in Johnson Ranch have mirrored the stability seen in homeownership rates, with 51% of residents renting in both 2013 and 2022. Average rent prices have generally increased over this period, rising from $1,388 in 2013 to $1,908 in 2022, a 37.5% increase. The population growth from 5,629 in 2013 to 6,079 in 2022 may have contributed to the upward pressure on rent prices.
In recent years, Johnson Ranch experienced minor fluctuations in average home prices. The average home price decreased by 4.9% to $743,609 in 2023 but rebounded slightly to $756,131 in 2024, a 1.7% increase from the previous year. This occurred despite rising interest rates, which reached 5.02% in 2023 and 5.33% in 2024, demonstrating the neighborhood's market resilience.
Projections based on historical trends and current market conditions suggest that average home prices in Johnson Ranch may continue to rise moderately over the next five years, potentially reaching around $850,000 by 2029. Average rent prices are also expected to increase, possibly surpassing $2,200 per month within the same timeframe.
In conclusion, Johnson Ranch has demonstrated a robust and adaptable local real estate market. The neighborhood has maintained stable homeownership rates despite significant increases in average home prices and rent. The consistent growth in both home values and rent prices, coupled with the recent quick recovery from a slight dip in home prices, indicates strong demand for housing and overall market strength in the area.
