Updated 2026 · Based on median market data for Susanville, CA
Home values in Susanville, CA have appreciated at 2.8% per year. Appreciation is modest, meaning total returns will be driven primarily by cash flow rather than equity gains. This is actually preferred by many investors who want predictable, income-based returns.
If Susanville continues appreciating at 2.8% annually, the current median of $225,000 would reach approximately $258,314 in 5 years — an equity gain of $33,314 on a property purchased at the median. With a 20% down payment of $45,000, that represents a 74% return on invested equity from appreciation alone. Combined with 5 years of NOI totaling approximately $57,075, the projected total return is $90,389 — a 201% cumulative return on the initial investment.
Susanville's population growth of 0.8% is moderate and positive, supporting steady but not explosive demand for housing. Markets with this growth profile tend to appreciate consistently without the boom-bust cycles of hyper-growth metros. Higher-than-average local incomes ($60,018) support continued price growth as more residents can afford to bid up properties.
Smart investors evaluate both cash flow AND appreciation. In Susanville, the 5.07% cap rate provides strong ongoing cash flow, while 2.8% annual appreciation adds an equity component. The strong cash flow here means your returns are mostly realized as income rather than paper equity — a more conservative and predictable return profile.
Susanville vs California state average and national average across key investment metrics. Susanville outperforms both benchmarks on cap rate.