If you're looking to buy a home in Rienzi City, California, you're probably wondering: How much does it cost? The city is home to 304 people. The median home price is $106,700. Home appreciation has averaged 8.0% in the past decade. You can find out more about living in Rienzi by browsing the area's demographic data below. Also, take a look at the number of evictions in Rienzi. This indicates the economy is in decline.
The population of Rienzi City is made up of approximately 207 White non-Hispanics, 58 Black or African-Americans, and eight Two+ people. This diversity is reflected in the median gross rent. Rent burden is a useful indicator of housing affordability, as it tells us how much each household pays for rental housing. Rienzi has a higher rent burden than neighboring cities, with Whiteville and Okolona boasting rent burdens of 43.7% and 42.6%, respectively. In addition to that, only 13.1% of Rienzi's housing units are occupied by renters.
The population of Rienzi peaked at 339 in the 1990 census. In 2022, the population will be 15,430. That's a 16.3% decrease since 2000. That's faster than the growth of other similar-sized cities. And, while the numbers don't seem to be intuitive, it's important to understand that the population of Rienzi is expected to grow by only a little more than one percent each year.