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13 Feb

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Top 5 Rebounding Real Estate Neighborhoods in California

February 13, 2014 | By | No Comments

At Housing Rebound, we are always crunching numbers and analyzing data in order to determine the best neighborhoods to invest in. As previously discussed, these are a number of factors when analyzing neighborhoods from a real estate investment perspective. These factors include: Median Value, $ / sqft, YoY, % Fall from Peak, Price to Rent Ratio, Average GreatSchools Rating and Size Rank.

Based on all of these factors, we have determined the top 5 rebounding real estate neighborhoods in California.

Modesto

1. Modesto, CA 95355 – Strong YoY, Great Schools

Median Value: $221,100
YoY: 33%
$ / sqft: $127.24
Peak Month: 2006-01
% Fall from Peak: -45%
Price to Rent Ratio: 14.79
GreatSchools Rating: 7.4

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2. Hesperia, CA 92345 – Great $ / sqft price

Median Value: $152,000
YoY: 35%
$ / sqft: $94.64
Peak Month: 2006-07
% Fall from Peak: -53%
Price to Rent Ratio: 11.37
GreatSchools Rating: 5.4

Zillow Search

3. Fresno, CA 93722 – Great overall mix

Median Value: $174,400
YoY: 25%
$ / sqft: $112.41
Peak Month: 2006-04
% Fall from Peak: -44%
Price to Rent Ratio: 11.64<
GreatSchools Rating: 5.9

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4. Stockton, CA 95207 – Great $ / sqft price

Median Value: $160,700
YoY: 30%
$ / sqft: $94.49
Peak Month: 2006-02
% Fall from Peak: -55%
Price to Rent Ratio: 11.76
GreatSchools Rating: 4.25

Zillow Search

5. Cathedral City, CA 92234 – Great overall mix

Median Value: $209,700
YoY: 30%
$ / sqft: $126.85
Peak Month: 2006-05
% Fall from Peak: -43%
Price to Rent Ratio: 11.55
GreatSchools Rating: 5.0

Zillow Search

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