Why Live in Chico
Bidwell Park stands as one of America's largest municipal parks, providing extensive hiking trails, swimming at Sycamore Pool, and scenic viewpoints throughout its Upper, Middle, and Lower sections. California State University Chico infuses the city with academic energy, while the nationally renowned Sierra Nevada Brewing Company attracts visitors to its tours, taproom, and outdoor event space. Downtown Chico buzzes with independent boutiques, the historic Pageant Theatre, and the weekly Thursday Night Market featuring local produce and artisans. The dining scene includes upscale options like 5th Street Steakhouse and Red Tavern, alongside casual favorites such as Morning Thunder Cafe and Woodstock's Pizza.
The housing market features diverse options across distinct neighborhoods. Single-family homes in Downtown Chico have a median price of $380,000, while Canyon Oaks commands a median of $849,900. California Park presents single-family homes at a median of $527,000, and Northwest Chico shows a median of $577,000. Condominiums provide more affordable options, with one-bedroom units at a median of $197,500 and two-bedroom units at $212,000.
Property taxes in Chico remain competitive at 0.69%, matching nearby Paradise and Oroville, while slightly higher than Red Bluff at 0.63%. The California state income tax rate sits at 6.00% for yearly salaries of $41,901, with a combined sales tax rate of 8.80%.
Education options include highly rated public schools such as Sierra View Elementary School and Chico High School. Paradise Adventist Academy serves multiple neighborhoods as a top-rated private school option. The Mediterranean climate features hot summers reaching the high 90s to low 100s Fahrenheit and cool winters in the mid-30s to mid-50s, with 26 inches of annual rainfall. Chico's extensive bike path network and B-Line public transit system connect residents to key destinations, while Sacramento lies 90 miles south, a 1.5-hour drive away.
Home Trends in Chico, CA
On average, homes in Chico, CA sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Chico, CA over the last 12 months is $485,000, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$485,000
Median Single Family Sale Price
$502,500
Median Townhouse Sale Price
$525,000
Median 2 Bedroom Sale Price
$212,000
Median 1 Bedroom Sale Price
$222,000
Average Price Per Sq Ft
$308
Number of Homes for Sale
181
Last 12 months Home Sales
1,618
Median List Price
$499,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%