Real Estate Investing in Cedarville, California (96104)

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

Modoc County • Population: 883 • Data updated: September 2026

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Should you buy in 96104 (Cedarville, CA)? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

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

⚠️ Risks to Know
2 flags
  • High vacancy: 18.5% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Cedarville, CA (96104)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $231,171
Avg Monthly Rent $999
1% Rule ✗ Does Not Meet
Median Income $47,404
% Renters 30.6%

Market Analysis: 96104 Cedarville

Investors eyeing 96104 need to respect the fundamentals at play. Home values of $231K come alongside slower price movement and elevated management overhead.

Rent of $999/mo on a $231K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96104 sits below the stated 0.0% once reality is priced in.

Regionally, 96104 sits on the difficult end of the CA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.

Demographically, 96104 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.

appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Cedarville:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.9× the median income
Value Trend
Rising (+5.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $999/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 96104

Which property type performs best in this market?

Best for Cash Flow
3BR
4.3% cap rate
Best for Appreciation
3BR
+9.0% 5yr CAGR
Best Overall Value
3BR
$81,198/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $191,952 $1,110 4.2% +7.1% $95,976
3BR $243,593 $1,440 4.3% +9.0% $81,198

Market Trends

Home Value History (with trend line)

$242K$215K$189K$163K$136K$110KJan 2016May 2021Jul 2026

📊 How Does 96104 Compare?

Metric 96104 Cedarville California
Home Value $231,171 $231,171 $761,003
5-Year CAGR 5.8% 5.8% 5.7%
Avg Rent $999 $999 -
Cap Rate 3.4% 3.4% -
💡 Why Invest in 96104? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 96104 (Cedarville, CA). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.4%
Low
5yr Growth
+5.8%
Moderate

📊 Market Snapshot

Home Value $231,171
Monthly Rent $999
Price-to-Rent 19.3:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.2%
Cap Rate 3.4%
5-Year IRR 9.1%

📈 Home Appreciation

1-Year +5.7% ▲
3-Year CAGR +4.9% ▲
5-Year CAGR +5.8% ▲
10-Year CAGR +6.8% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.4%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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.

Vacancy
18.5%
Elevated risk
Landlord Climate
1.0/5
Protective
Value Trend (5yr)
+5.8%
Stable
Eviction process: Very Slow Rent control: Unfavorable

Demographics in 96104

Population: 883

💰 Median Household Income
$47,404
This area
$47,404
State
$94,164
USA
$74,580
🏠 Renter Occupied
30.6%
This area
30.6%
State
39.3%
USA
34.0%
💼 Unemployment Rate
4.5%
This area
4.5%
State
-16.6%
USA
3.7%
🎓 College Educated
19.9%
This area
19.9%
State
7.7%
USA
33.7%
👤 Median Age
47.5 years
This area
47.5 years
State
9.6 years
USA
38.9 years
🏚️ Vacancy Rate
18.5%
This area
18.5%
State
15.3%
USA
10.5%
👥 Population by Ethnicity
White 90.5%
Other/Mixed 8.6%
Hispanic/Latino 7.8%
Black/African American 0.5%
Asian 0.3%
👶 Under 18
24.9%
This area
24.9%
USA
22.0%
👴 65 and Over
20.3%
This area
20.3%
USA
17.3%
📊 Poverty Rate
0.0%
This area
0.0%
USA
11.5%

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 96104

B+ Avg School Grade
2 Schools
12.8:1 Avg Class Size
$17,817 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Surprise Valley Elementary

📚 K – 07 School
👥
42 Students
👨‍🏫
11.3:1 Class Size
💰
$17,817 Per Student
B+ Above Average

Surprise Valley High

📚 08 – 12 High School
👥
46 Students
👨‍🏫
14.2:1 Class Size
💰
$17,817 Per Student
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

What are rental rates like in Cedarville, CA?

The typical rental in Cedarville, CA commands about $999/mo monthly. That rent profile measured cash flow against the $231K purchase basis.

How qualified is the tenant pool in Cedarville, CA?

The renter base in Cedarville, CA is reasonable for the $999/mo price point. Screening well and pricing to market typically yields steady tenants.

What is the rental occupancy rate in Cedarville, CA?

Cedarville, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.

How should investors approach Cedarville, CA?

Cedarville, CA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($231K prices, $999/mo rents) make it a reasonable choice.

Is Cedarville, CA a good market for buy-and-hold investors?

Yes - Cedarville, CA a 3.0/5 investability score. With $231K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.

You know 96104 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 96104 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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