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 65,508 people, 17,007 houses or apartments, and a median cost of homes of $217,630, 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 70.49% 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 ( 15.11%), large apartment complexes or high rise apartments ( 9.72%), and a few row houses and other attached homes ( 2.87%).
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 46.48% owning and 53.52% 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 ( 28.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.31%). There's also some housing in Madera built before 1939 ( 3.91%).
Appreciation rates for homes in Madera have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.57%, which ranks in the top 30% nationwide. This equates to an annual average Madera house appreciation rate of 2.46%.
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 11.64%, which is higher than appreciation rates in 96.90% 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 3.51%, which equates to an annual appreciation rate of 14.78%.
Importantly, this makes Madera one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$1,112,001 - $1,482,000||0.1|
|$741,001 - $1,112,000||1.3|
|$593,001 - $741,000||0.9|
|$445,001 - $593,000||4.7|
|$296,001 - $445,000||21.6|
|$148,001 - $296,000||44.0|
|$74,001 - $148,000||20.8|
|$0 - $74,000||5.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Madera HOMES|
|2000 or Newer||28.4|
|1970 - 1999||44.4|
|1940 - 1969||23.3|
|1939 or Older||3.9|
|TYPE OF Madera HOMES|
|Small Apt. Buildings||15.1|
|SIZE OF Madera HOMES|
|5 or more bedrooms||2.13|