Madera, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Madera Neighborhoods Since 2000




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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 64,208, 16,791 total housing units (homes and apartments), and a median house value of $169,019, 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 71.36% 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 ( 15.15%), large apartment complexes or high rise apartments ( 8.75%), and a few row houses and other attached homes ( 2.86%).

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 47.44% owning and 52.56% 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 ( 29.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.90%). There's also some housing in Madera built before 1939 ( 5.31%).

Madera Home Appreciation Rates

Homes have actually lost value in Madera over the last then years, as home values have seen a decline of 32.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Madera home appreciation rates at 0.67%, which equates to an annual appreciation rate of 2.69%.

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 13.27%, which is higher than appreciation rates in 98.66% 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 0.67%, which equates to an annual appreciation rate of 2.69%.

Relative to California, our data show that Madera's latest annual appreciation rate is higher than 90% 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:
$169,019

Madera, CA HOME PRICES

Value Range
> $1,393,000 1.5
$1,045,001 - $1,393,000 0.4
$696,001 - $1,045,000 1.5
$557,001 - $696,000 1.4
$418,001 - $557,000 5.2
$279,001 - $418,000 14.5
$139,001 - $279,000 43.9
$70,001 - $139,000 25.1
$0 - $70,000 6.5

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
41.9782022735263 92.3280423280423

Number Of Homes And Apartments:
16,791

Madera Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
80.45% 3.48% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,185 / per month

Homeownership Rate

Homeownership
Owners 47.44
Renters 52.56
Vacant 6.16

Housing Market Details

 

Age of Homes

AGE OF Madera HOMES
2000 or Newer 29.3
1970 - 1999 42.5
1940 - 1969 22.9
1939 or Older 5.3

Types of Homes

TYPE OF Madera HOMES
Single-Family 71.4
Townhomes 2.9
Small Apt. Buildings 15.2
Apt. Complexes 8.7
Mobile Homes 1.8
Other 0.1

Home Size

SIZE OF Madera HOMES
No Bedroom 1.68
1 Bedroom 7.10
2 Bedrooms 24.89
3 Bedrooms 47.46
4 Bedrooms 16.88
5 or more bedrooms 2.00