Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 9,901 people, 3,784 houses or apartments, and a median cost of homes of $1,444,567, Corte Madera house prices are not only among the most expensive in California, Corte Madera real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Corte Madera, accounting for 71.37% of the town's housing units. Other types of housing that are prevalent in Corte Madera include large apartment complexes or high rise apartments ( 15.94%), row houses and other attached homes ( 7.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Corte Madera. Owner-occupied housing accounts for 70.45% of Corte Madera's homes, and 61.40% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Corte Madera's housing was primarily built during this period, from the '40s through the '60s. A full 64.54% of the town's housing hails from this era. Other housing ages represented in Corte Madera include homes built between 1970-1999 ( 25.13%) and housing constructed before 1939 ( 7.91%). There's also some housing in Corte Madera built between 2000 and later ( 2.42%).
In the last 10 years, Corte Madera has experienced some of the highest home appreciation rates of any community in the nation. Corte Madera real estate appreciated 39.13% over the last ten years, which is an average annual home appreciation rate of 3.36%, putting Corte Madera in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Corte Madera definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Corte Madera that despite a nationwide downturn in the housing market, Corte Madera real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corte Madera appreciation rates continue to be some of the highest in America, at 6.77%, which is higher than appreciation rates in 79.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corte Madera. Corte Madera appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.
Importantly, this makes Corte Madera one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Corte Madera's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
|$1,023,001 - $1,364,000||29.5|
|$682,001 - $1,023,000||10.0|
|$546,001 - $682,000||4.7|
|$409,001 - $546,000||0.0|
|$273,001 - $409,000||0.7|
|$136,001 - $273,000||1.0|
|$68,001 - $136,000||2.4|
|$0 - $68,000||4.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Corte Madera HOMES|
|2000 or Newer||2.4|
|1970 - 1999||25.1|
|1940 - 1969||64.5|
|1939 or Older||7.9|
|TYPE OF Corte Madera HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Corte Madera HOMES|
|5 or more bedrooms||5.68|