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Friday, September 05, 2008   

 Housing, 1996

Description

Number

Total single family homes in county 1

51,117

Median cost for all housing sales (1990)1

$94,000

Average Housing Cost – New House2, 3

$112,000—132,288

Average Housing Cost – Resale2, 3

$104,500—132,288

Average Housing Cost – Average Listing2, 3

$119,095—130,700

Average Housing Cost – Middle Management4

$130,000

Average Housing Cost – 2-Bedroom Condominium4

$80,000

Average Monthly Rental Cost– 2-Bedroom Apartment5

$415/month

Vacancy Rate – Average Annual Apartment Vacancies5

5-10%

Notes:

1. Source: Construction Industry Research Board

2. Source: Previously completed HOME Survey & Realtor phone survey (6/97) and Chico Board of Realtors (6/97)

3. Assumptions: Single-family home, 3-bdr, 2,000 sq. ft.

4. Source: Developer survey, 1997.

5. Source: Landlord survey, 1997. Note: Apartment vacancies depend on the time of year and the level of enrollment at CSU, Chico and Butte Community College.

 

Housing Authorizations (1984-96)

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1,232

1,752

1,331

1,158

1,648

1,360

1,949

1,911

1,498

894

707

855

656

 

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