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 70,693, 19,868 total housing units (homes and apartments), and a median house value of $388,503, Tulare real estate values are some of the lowest in California, although compared to real estate around the nation, Tulare homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Tulare, accounting for 78.46% of the city's housing units. Other types of housing that are prevalent in Tulare include duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), large apartment complexes or high rise apartments ( 6.72%), and a few mobile homes or trailers ( 3.24%).
The most prevalent building size and type in Tulare are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.42% owning and 41.58% renting.
There is a lot of housing in Tulare 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 Tulare built between 2000 and later ( 30.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.10%). There's also some housing in Tulare built before 1939 ( 5.20%).
In the last 10 years, Tulare has experienced some of the highest home appreciation rates of any community in the nation. Tulare real estate appreciated 117.83% over the last ten years, which is an average annual home appreciation rate of 8.10%, putting Tulare in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tulare definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Tulare's appreciation rate, at 7.66%, has been at or slightly above the national average. In the latest quarter, Tulare's appreciation rate has been 0.42%, which annualizes to a rate of 1.71%.
Notably, Tulare's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Tulare's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tulare differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tulare - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tulare real estate investment or home purchase decisions.
$388,503
for California
for nation
19,868
$2,139 / per month