Sierra Madre, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sierra Madre Neighborhoods Since 2000




Sierra Madre, 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

Sierra Madre Housing Market Information

With 11,163 people, 4,538 houses or apartments, and a median cost of homes of $986,916, Sierra Madre house prices are not only among the most expensive in California, Sierra Madre 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 Sierra Madre, accounting for 66.09% of the city's housing units. Other types of housing that are prevalent in Sierra Madre include large apartment complexes or high rise apartments ( 18.21%), duplexes, homes converted to apartments or other small apartment buildings ( 9.16%), and a few row houses and other attached homes ( 6.54%).

People in Sierra Madre primarily live in small (one, two or no bedroom) single-family detached homes. Sierra Madre has a mixture of owner-occupied and renter-occupied housing.

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. Sierra Madre's housing was primarily built during this period, from the '40s through the '60s. A full 51.15% of the city's housing hails from this era. Other housing ages represented in Sierra Madre include homes built before 1939 ( 27.23%) and housing constructed between 1970-1999 ( 17.69%). There's also some housing in Sierra Madre built between 2000 and later ( 3.94%).

Sierra Madre Home Appreciation Rates

In the last 10 years, Sierra Madre has experienced some of the highest home appreciation rates of any community in the nation. Sierra Madre real estate appreciated 16.57% over the last ten years, which is an average annual home appreciation rate of 1.55%, putting Sierra Madre in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sierra Madre 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 Sierra Madre that despite a nationwide downturn in the housing market, Sierra Madre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sierra Madre appreciation rates continue to be some of the highest in America, at 5.94%, which is higher than appreciation rates in 73.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sierra Madre. Sierra Madre appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Sierra Madre 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 Sierra Madre's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$986,916

Sierra Madre, CA HOME PRICES

Value Range
> $1,242,000 26.5
$931,001 - $1,242,000 31.4
$621,001 - $931,000 29.4
$497,001 - $621,000 7.0
$373,001 - $497,000 3.0
$248,001 - $373,000 2.1
$124,001 - $248,000 0.2
$62,001 - $124,000 0.0
$0 - $62,000 0.3

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.0957459275753 11.7724867724868

Number Of Homes And Apartments:
4,538

Sierra Madre 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
135.73% 5.10% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,037 / per month

Homeownership Rate

Homeownership
Owners 60.02
Renters 39.98
Vacant 7.86

Housing Market Details

 

Age of Homes

AGE OF Sierra Madre HOMES
2000 or Newer 3.9
1970 - 1999 17.7
1940 - 1969 51.1
1939 or Older 27.2

Types of Homes

TYPE OF Sierra Madre HOMES
Single-Family 66.1
Townhomes 6.5
Small Apt. Buildings 9.2
Apt. Complexes 18.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sierra Madre HOMES
No Bedroom 5.28
1 Bedroom 14.42
2 Bedrooms 30.23
3 Bedrooms 29.81
4 Bedrooms 14.23
5 or more bedrooms 6.03