Real Estate Investing in Alturas, California (96101)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96101 (Alturas, CA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 23.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alturas, CA (96101)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96101 Alturas
ZIP 96101 inside Modoc County looks affordable on the surface — median value of $183K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 96101 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 96101 sits on the difficult end of the CA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A healthy renter share of 29% in 96101 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Alturas's stable or hybrid ZIPs before stepping into 96101. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Alturas:
Property Strategy for 96101
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $129,616 | $1,130 | 6.3% | +5.5% | $64,808 |
| 3BR | $191,205 | $1,460 | 5.5% | +7.9% | $63,735 |
| 4BR | $245,035 | $1,870 | 5.5% | +8.0% | $61,259 |
Market Trends
Home Value History (with trend line)
📊 How Does 96101 Compare?
| Metric | 96101 | Alturas | California |
|---|---|---|---|
| Home Value | $183,025 | $183,025 | $761,003 |
| 5-Year CAGR | 5.9% | 5.9% | 5.7% |
| Avg Rent | $1,017 | $1,017 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 96101 (Alturas, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $183,025 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (4.3%). 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 96101
Population: 4,868
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 96101
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.
Frequently Asked Questions
How quickly do rentals get leased in Alturas, CA?
Expect elevated vacancy in Alturas, CA. Rents at $1,017/mo are absorbed by the tenant base without meaningful lag.
How much do tenants pay in Alturas, CA?
Rents in Alturas, CA run near $1,017/mo. Compared with median home prices of $183K that produces solid gross yields for typical rentals.
What is the median home value in Alturas, CA?
In Alturas, CA the median home value sits at $183K. Against the broader CA market, that reads as reasonable for most investors.
What real estate strategy is ideal for Alturas, CA?
Most investors in Alturas, CA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How does Alturas, CA rate as a rental market?
With a 3.0/5 investability score, Alturas, CA ranks as a solid market for rental property investors. Median prices of $183K and rents of $1,017/mo drive the underlying numbers.
You know 96101 now. You don’t know where it ranks.
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