The story of this market
The typical home in ZIP 95974 sells for about $520,000, or $303 per square foot.
Prices are up +1.96% from a year ago, so sellers still have some momentum. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 95974 — Richvale
The Chico housing market shows signs of stabilization with a median sold price of $520,000 and a modest year-over-year increase. While inventory remains tight, the market is experiencing a cooling trend in rental prices and longer days on market compared to the previous year. Buyers are currently facing a balanced environment with limited supply and moderate price growth.
Median prices moved up 2.0% 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 4.5% · poverty 18.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 95974, Butte County, CA
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%).
Data aggregated for Chico market area per available census and portal reporting.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.