Real Estate Investing in Applegate, California (95703)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 95703 (Applegate, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 15.6% of homes vacant — above national norms.
- Declining values: -0.7% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Applegate, CA (95703)?
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Market Analysis: 95703 Applegate
ZIP 95703 in Applegate, CA carries a robust set of headwinds. Home values near $555K and rents of $1,674/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 95703 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within CA, ZIP 95703 trails on several market indicators that neighboring Placer County submarkets outperform. The gap is real and notable enough to shape underwriting.
Resident income in 95703 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 95703 is an operator game, not a passive one. Turning to rents, entry prices of $555K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Applegate:
Property Strategy for 95703
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $408,241 | $1,860 | 3.3% | +1.3% | $204,120 |
| 3BR | $549,397 | $2,580 | 3.4% | +1.8% | $183,132 |
| 4BR | $680,541 | $2,970 | 3.1% | +2.8% | $170,135 |
Market Trends
Home Value History (with trend line)
📊 How Does 95703 Compare?
| Metric | 95703 | Applegate | Sacramento-Roseville-Folsom, CA | California |
|---|---|---|---|---|
| Home Value | $554,588 | $554,588 | N/A | $761,003 |
| 5-Year CAGR | N/A | N/A | N/A | 5.7% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 95703 (Applegate, CA). Anonymous, moderated, never written by AI.
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Property managers serving Placer County
Manage rentals here? List your business →B and B Real Estate offers houses for sale, realtor services, houses for rent, short term rentals, and vacation properties. summary from their website
Expert Property Management provides services for residential, commercial, multi-family, co-living, and mid-term rental properties in Sacramento. summary from their website
One Nest Real Estate & Property Management provides real estate and property management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $554,588 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 1.7% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | -0.7% ▼ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 95703
Population: 2,099
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 95703
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Sierra Hills Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is vacancy a concern in Applegate, CA?
Applegate, CA carries elevated vacancy risk. Expect steady absorption at market rents of $1,674/mo.
What is the typical rental rate in Applegate, CA?
Rental rates in Applegate, CA average $1,674/mo. Tenant demand and $555K home values make the yield look reasonable by investor standards.
Are homes affordable in Applegate, CA?
The median home value in Applegate, CA is roughly $555K. That puts it reasonable relative to the CA statewide average.
Is Applegate, CA good for house hacking?
For house hackers, Applegate, CA is a challenging. The $1,674/mo rent on a unit helps defray the mortgage on a $555K property.
Is Applegate in CA worth investing in?
Applegate, CA reports an investability rating of 2.0/5, with median home values near $555K and average rents around $1,674/mo. That combination puts it in the substantial tier for investor interest.
You know 95703 now. You don’t know where it ranks.
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How 95703 ranks in Sacramento-Roseville-Folsom, CA
Every ZIP in this metro, ranked. Free.
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