Cities with the fastest growing home prices in Chico metro area

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January 19, 2023
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Cities with the fastest growing home prices in Chico metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Chico, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Bangor, CA

- 1-year price change: $-22,651 (-6.1%)
- 5-year price change: +$109,382 (+45.6%)
- Typical home value: $349,393 (#7 most expensive city in metro)
2 / 14
Stacker

#13. Stirling City, CA

- 1-year price change: $-7,833 (-3.4%)
- 5-year price change: +$73,269 (+50.0%)
- Typical home value: $219,852 (#14 most expensive city in metro)
3 / 14
Stacker

#12. Berry Creek, CA

- 1-year price change: +$1,684 (+0.6%)
- 5-year price change: +$68,168 (+33.6%)
- Typical home value: $270,911 (#13 most expensive city in metro)
4 / 14
Stacker

#11. Clipper Mills, CA

- 1-year price change: +$8,125 (+3.1%)
- 5-year price change: +$65,480 (+31.7%)
- Typical home value: $272,152 (#12 most expensive city in metro)
5 / 14
Stacker

#10. Palermo, CA

- 1-year price change: +$9,760 (+3.6%)
- 5-year price change: +$109,099 (+63.3%)
- Typical home value: $281,440 (#11 most expensive city in metro)

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6 / 14
Stacker

#9. Paradise, CA

- 1-year price change: +$10,335 (+3.0%)
- 5-year price change: +$83,869 (+31.5%)
- Typical home value: $349,996 (#6 most expensive city in metro)
7 / 14
Stacker

#8. Forest Ranch, CA

- 1-year price change: +$12,707 (+3.4%)
- 5-year price change: +$112,167 (+41.7%)
- Typical home value: $381,131 (#4 most expensive city in metro)
8 / 14
Stacker

#7. Oroville, CA

- 1-year price change: +$14,916 (+4.8%)
- 5-year price change: +$118,213 (+57.7%)
- Typical home value: $323,229 (#9 most expensive city in metro)
9 / 14
Stacker

#6. Gridley, CA

- 1-year price change: +$16,038 (+4.8%)
- 5-year price change: +$138,804 (+65.3%)
- Typical home value: $351,508 (#5 most expensive city in metro)
10 / 14
Stacker

#5. Biggs, CA

- 1-year price change: +$16,735 (+5.1%)
- 5-year price change: +$139,041 (+67.2%)
- Typical home value: $346,019 (#8 most expensive city in metro)

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11 / 14
Stacker

#4. Chico, CA

- 1-year price change: +$20,878 (+4.6%)
- 5-year price change: +$148,472 (+45.5%)
- Typical home value: $474,788 (#2 most expensive city in metro)
12 / 14
Stacker

#3. Magalia, CA

- 1-year price change: +$21,237 (+7.7%)
- 5-year price change: +$79,809 (+36.8%)
- Typical home value: $296,744 (#10 most expensive city in metro)
13 / 14
Stacker

#2. Richvale, CA

- 1-year price change: +$30,579 (+8.1%)
- 5-year price change: +$169,933 (+71.1%)
- Typical home value: $409,011 (#3 most expensive city in metro)
14 / 14
Stacker

#1. Durham, CA

- 1-year price change: +$40,929 (+6.7%)
- 5-year price change: +$213,075 (+48.9%)
- Typical home value: $649,230 (#1 most expensive city in metro)

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