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Eureka, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,470
Monthly Cash Flow
-$978
Principal + Equity
$1,537
Annual Total Gain
$6,714
Cash on Cash
-11.44%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$183
Occupancy Rate
63.33%
Monthly Revenue
$2,587
Monthly Cash Flow
-$249
Principal + Equity
$1,537
Annual Total Gain
$15,463
Cash on Cash %
-2.91%
Net ROI %
Market Health & Growth
Median Income
$60,253
Population
26,302
LTR Renter %
52%
Forecast (1 yr)
-3.47%
Appreciation (1 yr)
-5.45%
Appreciation (5 yr)
6.24%
Appreciation (10 yr)
42.11%
Job Growth
2.47%
LTR Rentability
High
STR Demand
63
STR Rentals
278
Top Public Schools
A-Jacoby Creek Elementary School
A-Freshwater Charter Middle School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Places to Live in California
#586out of 1762 markets
Best Places for Young Professionals in California
#842out of 1762 markets
Places with the Best Public Schools in California
#436out of 817 markets
B-
Public School
D
Crime And Safety
D
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Eureka, CA.
In Eureka, CA, Short Term Rentals (STRs) are regulated by the city's zoning code. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Eureka has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Permit Requirements: In order to operate a STR in Eureka, property owners must obtain a permit from the city. The permit application process typically involves submitting documentation such as proof of insurance, a floor plan of the property, and a business license.
3. Occupancy Limits: Eureka has occupancy limits for STRs, which specify the maximum number of guests that can stay in a property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise and Nuisance Regulations: Eureka has regulations in place to address noise and nuisance issues related to STRs. Investors should familiarize themselves with these regulations and ensure that their property is in compliance.
5. Transient Occupancy Tax: Eureka imposes a transient occupancy tax on short term rentals, which is collected from guests and remitted to the city. Investors should factor this tax into their financial projections when considering purchasing a property for STR purposes.
6. Homeowners Association Rules: If the property is located in a community with a homeowners association (HOA), investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
Overall, investors considering purchasing a property in Eureka for short term rental purposes should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Eureka, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Eureka, CA.
The LTR Genie Score of Eureka, CA is 47 and STR Genie Score is 56, indicating a moderate to high potential for both long-term and short-term rental investments in the area. The LTR Rentability is high, suggesting that properties in Eureka have a strong demand for long-term rentals. However, the LTR Rent Growth Rate is 0.0%, which may indicate a stagnant rental market. On the other hand, the STR Net ROI is significantly higher than the LTR Net ROI, indicating that short-term rentals may offer better returns in Eureka.
Eureka, CA is a coastal city known for its Victorian architecture and proximity to the Redwood National and State Parks. The city has a diverse economy with industries such as healthcare, education, and tourism driving its growth. Real estate investors should consider the city's unique charm and natural beauty when evaluating investment opportunities.
In conclusion, Eureka, CA presents opportunities for both long-term and short-term rental investments. Investors looking for higher returns may find success in the short-term rental market, while those seeking stability may prefer long-term rentals. It is recommended for real estate investors to conduct further research and analysis to determine the best investment strategy based on their financial goals and risk tolerance.
LTR Genie Score 93
$235,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,478 sqft.🏠 SINGLE FAMILY