Madera, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Madera, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Madera Housing Market Information

With a population of 65,508, 17,606 total housing units (homes and apartments), and a median house value of $226,679, Madera real estate values are some of the lowest in California, although compared to real estate around the nation, Madera homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Madera, accounting for 70.90% of the city's housing units. Other types of housing that are prevalent in Madera include duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), large apartment complexes or high rise apartments ( 10.33%), and a few row houses and other attached homes ( 2.80%).

The most prevalent building size and type in Madera are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.72% owning and 54.28% renting.

There is a lot of housing in Madera built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Madera built between 2000 and later ( 28.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.76%). There's also some housing in Madera built before 1939 ( 3.82%).

Madera Home Appreciation Rates

In the last 10 years, Madera has experienced some of the highest home appreciation rates of any community in the nation. Madera real estate appreciated 36.93% over the last ten years, which is an average annual home appreciation rate of 3.19%, putting Madera in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, 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 Madera that despite a nationwide downturn in the housing market, Madera real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Madera appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 82.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Madera. Madera appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.45%.

Relative to California, our data show that Madera's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Madera differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Madera - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Madera real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$226,679

Madera, CA HOME PRICES

Value Range
> $1,337,000 0.9
$1,003,001 - $1,337,000 0.0
$669,001 - $1,003,000 0.7
$535,001 - $669,000 1.4
$401,001 - $535,000 7.8
$268,001 - $401,000 31.5
$134,001 - $268,000 41.2
$67,001 - $134,000 11.1
$0 - $67,000 5.4

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
31.2408759124088 84.9279161205767

Number Of Homes And Apartments:
17,606

Madera Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
116.00% 4.08%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,434 / per month

Homeownership Rate

Homeownership
Owners 45.72
Renters 54.28
Vacant 4.62

Housing Market Details

 

Age of Homes

AGE OF Madera HOMES
2000 or Newer 28.9
1970 - 1999 44.5
1940 - 1969 22.8
1939 or Older 3.8

Types of Homes

TYPE OF Madera HOMES
Single-Family 70.9
Townhomes 2.8
Small Apt. Buildings 14.2
Apt. Complexes 10.3
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Madera HOMES
No Bedroom 4.06
1 Bedroom 6.33
2 Bedrooms 24.02
3 Bedrooms 44.74
4 Bedrooms 19.81
5 or more bedrooms 1.05