19% of California houses are owned by investors
18 days ago
- #real estate
- #California
- #investment
- California ranks No. 36 among states with 19% of houses owned by investors, just below the 20% national average.
- Investor activity is highest in states with small populations and tourism appeal, such as Hawaii (40%) and Alaska (35%).
- California has the second-highest number of investment homes (1.45 million) but low investor share due to high home prices ($866,100) and modest returns.
- Investors added 143,747 houses in California since 2020, an 11% increase, despite economic challenges like flat population growth and middling job growth.
- High rental demand (45% of households rent) contrasts with low investor appeal due to affordability and economic factors.