Investors Own Most Of The Houses In These CA Counties: Report

CALIFORNIA — Investors own most of the houses in seven Golden State counties, according to Southern California News Group business columnist Jonathan Lansner.

“California’s seven investor-dominated counties are lightly populated places, located in remote, northern slices of the state,” Lansner wrote in a recent column looking at investor data from BatchData.

Sierra County had the highest rate of investor-owned houses at 82 percent followed by Trinity and Mono counties at 77 percent and 74 percent, respectively, according to Lansner.

Statewide, investors own 1.45 million houses — 19 percent of the total amount, Lansner reported, noting urban Ventura County has the lowest percentage of investor-owned houses at 14 percent, followed by Los Angeles and Alameda counties, both at 15 percent.

“Investors tend to shy away from the big-city counties where the combined annual household incomes run $105,700,” according to Lansner.

Read more from Southern California News Group.