Real Estate Investing in Millville, California (96062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96062 (Millville, 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: 13.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 32.2 — 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 Millville, CA (96062)?
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Market Analysis: 96062 Millville
ZIP 96062 in Millville, CA carries a durable set of headwinds. Home values near $553K and rents of $1,431/mo sit inside a market where underwriting has to be tight.
Rent of $1,431/mo on a $553K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96062 sits below the stated 0.0% once reality is priced in.
The gap between 96062 and stronger Millville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 96062 ZIP's population of 1,074 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 96062 is an operator game, not a passive one. From a cash-flow lens, entry prices of $553K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Millville:
Market Trends
Home Value History (with trend line)
📊 How Does 96062 Compare?
| Metric | 96062 | Millville | Redding, CA | California |
|---|---|---|---|---|
| Home Value | $552,841 | $552,841 | N/A | $761,003 |
| 5-Year CAGR | 0.9% | 0.9% | N/A | 5.7% |
| Avg Rent | $1,431 | $1,431 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96062 (Millville, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $552,841 |
| Monthly Rent | $1,431 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.0%). 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 96062
Population: 1,074
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 96062
Schools in This ZIP Code
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,642 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Millville, CA?
Occupancy in Millville, CA runs even-keeled with elevated vacancy. Well-priced units at $1,431/mo lease on reasonable timelines.
How much rent can I charge in Millville, CA?
Rent in Millville, CA is around $1,431/mo. The resulting rent-to-value relationship with $553K pricing is reasonable for most investor models.
How strong is the working-renter base in Millville, CA?
Expect a solid tenant pool in Millville, CA. The rental market absorbs $1,431/mo rents without meaningful friction.
What is the best play in Millville, CA?
In Millville, CA the notable play is typically careful cash-flow rentals with hands-on management. The combination of $553K prices and $1,431/mo rents suits that approach.
Should investors consider Millville, CA?
Millville, CA rates 2.0/5 for investability. With median values at $553K and rents near $1,431/mo, the market offers reasonable fundamentals for rental investors.
You know 96062 now. You don’t know where it ranks.
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How 96062 ranks in Redding, CA
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