Real Estate Investing in Upper Lake, California

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 3,920 • Lake County

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Should you buy in Upper Lake, CA? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (31/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.5 / 5 (40/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
4 flags
  • High vacancy: 28.6% of homes vacant — above national norms.
  • Declining values: -4.8% 5-year CAGR — values have moved lower.
  • 1-year downturn: Values declined 4.6% in the last year.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Upper Lake, CA?

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2.5/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $324,106
Avg Monthly Rent $1,535
ZIP Codes 2

Investing in Upper Lake Real Estate

Upper Lake in California is one of the markets where the numbers warn before they reward — 2 ZIPs, a sizable population, and a rating that reflects material risk.

decisively Upper Lake's aggregate rating of ★★★☆☆ reflects underwhelming investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rents in Upper Lake at $1,535/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

The 0% renter share in Upper Lake masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Clearlake, CA

Upper Lake is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Upper Lake, CA. Anonymous, moderated, never written by AI.

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Avg Home Value
$324,106
Avg Monthly Rent
$1,535
1% Rule
✗ Below
Landlord Friendly (CA)

📉 Market Crash Risk Index

Based on Clearlake, CA metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
65%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Clearlake, CA metro
0
Days to pending
6.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Upper Lake, CA

Screen every ZIP in Upper Lake

Filter Upper Lake’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Upper Lake, CA

What do landlords charge for rent in Upper Lake, CA?

Average rent in Upper Lake, CA is approximately $1,535/mo per month. Against $324K home values that yields a reasonable rent-to-price ratio.

Is it easy to find good tenants in Upper Lake, CA?

Working renters make up the core of the Upper Lake, CA tenant base. The pool is reasonable for investors targeting long-term holds.

Are there empty rentals in Upper Lake, CA?

Rental vacancy in Upper Lake, CA is elevated. Investors should budget normal turnover but not chronic empty units.

Is CA a landlord-friendly state?

For rental operators, Upper Lake, CA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.

Is housing expensive in Upper Lake, CA?

Homes in Upper Lake, CA typically sell near $324K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.

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