The Lay of the Land: Yuba County’s Real Estate Scene

Housing prices in Yuba County have been on a rollercoaster ride lately. The Yuba-Sutter Association of Realtors reports a median home price of $375,000 as of last month, which is a 5% increase from last year. This is still more affordable than neighboring counties. Inventory levels are tight, with homes spending an average of 30 days on market. This shortage is driving competition among buyers, especially in Marysville and Yuba City.

Economic Factors Shaping the Market

Local employment rates are a key driver of real estate demand in Yuba County. The Yuba County Economic Development Advisory Committee reports a 4.2% unemployment rate, which is lower than the state average, thanks in part to Beale Air Force Base. The base employs over 5,000 people, creating a stable economic anchor for the region. Infrastructure projects like the Feather River Bridge replacement are also boosting the local economy. These developments are attracting new businesses and residents to Yuba County.

Demographics: The People Behind the Numbers

Yuba County’s population has grown by 1.5% annually over the past five years. This influx is primarily driven by young families seeking affordable housing options. The median age in Yuba County is 34, lower than the state average of 37. This younger demographic is fueling demand for starter homes and rental properties in the area. Household income trends show modest growth, with a median income of $62,000 in Yuba County.

Where Are We in the Cycle?

Based on these indicators, Yuba County appears to be in an expansion phase of its market cycle. Rising prices, low inventory, and population growth all point to a strengthening real estate market. However, we’re not yet at the peak seen in previous Yuba County market cycles. This suggests there’s still room for growth and investment opportunities in the region.