The story of this market
The typical home in ZIP 95948 sells for about $392,000, or $268 per square foot.
Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 95948 — Gridley
The 95948 housing market is currently stable, with a median sale price of $392,000 and a balanced inventory level. Demand remains consistent among local buyers and commuters, though high interest rates and regional wildfire insurance concerns continue to influence market activity.
This ZIP is well-suited for families and commuters seeking more affordable housing options compared to the larger Chico or Sacramento markets, while maintaining a small-town agricultural lifestyle.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 76 days on market with 1.3 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 95948, Butte County CA
The area faces significant wildfire and flood risks common to the Sacramento Valley and Butte County region, impacting insurance availability and premiums.
The local economy is anchored by agriculture and food processing, with modest residential development occurring in the Gridley city limits.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents primarily commute via Highway 99 toward Chico or Yuba City for employment, with limited public transit options available.
The area features local parks such as Gridley City Park and proximity to the Sacramento River for outdoor activities, with basic shopping and dining located in the downtown core.
The rental market is characterized by low vacancy rates and steady demand from agricultural workers and commuters, with limited new multi-family supply.
The economy is heavily reliant on the agricultural sector, including rice farming and food processing facilities, with secondary employment in local government and retail.
Highway 99 serves as the primary arterial corridor connecting the area to the broader Chico and Yuba City employment hubs.
Development is focused on small-scale residential infill and expansion of existing agricultural-industrial zones.
The Butte County Assessor maintains property valuations in accordance with California state law and Proposition 13.
Parcels are subject to Gridley Unified School District and various local utility and flood control district assessments.
Property insurance markets are tightening due to regional wildfire exposure, leading to increased premiums and reliance on the FAIR Plan.
Data retrieved from US Census Bureau ZCTA 95948 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Central community park with recreational facilities.
Regional landmark for fishing and boating access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.