McFarland, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating McFarland Neighborhoods Since 2000




McFarland, 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

McFarland Housing Market Information

With 13,985 people, 2,840 houses or apartments, and a median cost of homes of $161,905, McFarland real estate values are some of the lowest in California, although compared to real estate around the nation, McFarland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in McFarland, accounting for 79.15% of the city's housing units. Other types of housing that are prevalent in McFarland include duplexes, homes converted to apartments or other small apartment buildings ( 9.04%), large apartment complexes or high rise apartments ( 6.08%), and a few row houses and other attached homes ( 3.80%).

The most prevalent building size and type in McFarland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.34% owning and 49.66% renting.

There is a lot of housing in McFarland 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 McFarland built between 2000 and later ( 31.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.06%). There's also some housing in McFarland built before 1939 ( 1.86%).

McFarland Home Appreciation Rates

Homes have actually lost value in McFarland over the last then years, as home values have seen a decline of 30.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows McFarland home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

Over the last year, McFarland appreciation rates have trailed the rest of the nation. In the last twelve months, McFarland's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McFarland were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to California, our data show that McFarland's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$161,905

McFarland, CA HOME PRICES

Value Range
> $1,216,000 0.0
$912,001 - $1,216,000 0.3
$608,001 - $912,000 0.0
$487,001 - $608,000 0.0
$365,001 - $487,000 1.5
$243,001 - $365,000 5.7
$121,001 - $243,000 57.2
$61,001 - $121,000 27.2
$0 - $61,000 8.1

Very Low for CA
Average for Nation

Value Relative to Nation Value Relative to State
44.8083909527716 93.3862433862434

Number Of Homes And Apartments:
2,840

McFarland 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
79.15% 3.44% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,014 / per month

Homeownership Rate

Homeownership
Owners 50.34
Renters 49.66
Vacant 1.97

Housing Market Details

 

Age of Homes

AGE OF McFarland HOMES
2000 or Newer 31.2
1970 - 1999 46.9
1940 - 1969 20.1
1939 or Older 1.9

Types of Homes

TYPE OF McFarland HOMES
Single-Family 79.2
Townhomes 3.8
Small Apt. Buildings 9.0
Apt. Complexes 6.1
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF McFarland HOMES
No Bedroom 2.17
1 Bedroom 5.70
2 Bedrooms 20.95
3 Bedrooms 46.57
4 Bedrooms 22.99
5 or more bedrooms 1.62

Popular Neighborhoods in McFarland

Zip Codes in McFarland, CA