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 2,830, 774 total housing units (homes and apartments), and a median house value of $228,306, house prices in Strathmore are solidly below the national average.
Single-family detached homes are the single most common housing type in Strathmore, accounting for 71.00% of the town's housing units. Other types of housing that are prevalent in Strathmore include mobile homes or trailers ( 20.00%), large apartment complexes or high rise apartments ( 5.75%), and a few row houses and other attached homes ( 3.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strathmore. Owner-occupied housing accounts for 73.64% of Strathmore's homes, and 60.50% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Strathmore built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Strathmore built between 1940-1969 ( 35.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.63%). There's also some housing in Strathmore built before 1939 ( 2.25%).
In the last 10 years, Strathmore has experienced some of the highest home appreciation rates of any community in the nation. Strathmore real estate appreciated 140.07% over the last ten years, which is an average annual home appreciation rate of 9.15%, putting Strathmore in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Strathmore definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Strathmore that despite a nationwide downturn in the housing market, Strathmore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Strathmore appreciation rates continue to be some of the highest in America, at 14.60%, which is higher than appreciation rates in 97.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Strathmore. Strathmore appreciation rates in the latest quarter were at 0.42%, which equates to an annual appreciation rate of 1.71%.
Notably, Strathmore's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Strathmore's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$228,306
for California
for nation
774
$1,625 / per month