Madera, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Madera, CA Housing Market Trends

With a population of 65,860, 18,122 total housing units (homes and apartments), and a median house value of $297,941, 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 72.11% of the city's housing units. Other types of housing that are prevalent in Madera include large apartment complexes or high rise apartments ( 12.01%), duplexes, homes converted to apartments or other small apartment buildings ( 11.67%), and a few row houses and other attached homes ( 2.69%).

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 47.59% owning and 52.41% 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 ( 32.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.47%). There's also some housing in Madera built before 1939 ( 4.06%).

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 160.09% over the last ten years, which is an average annual home appreciation rate of 10.03%, putting Madera in the top 10% 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 16.08%, which is higher than appreciation rates in 97.15% 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 3.09%, which equates to an annual appreciation rate of 12.94%.

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:
$297,941

Madera, CA HOME PRICES

> $1,403,000
0.6%
0.6%
$1,052,001 - $1,403,000
0.0%
0.0%
$702,001 - $1,052,000
0.7%
0.7%
$561,001 - $702,000
2.3%
2.3%
$421,001 - $561,000
12.7%
12.7%
$281,001 - $421,000
36.4%
36.4%
$140,001 - $281,000
37.1%
37.1%
$70,001 - $140,000
6.4%
6.4%
$0 - $70,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
18,122

Madera Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
165.87% 4.65%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,815 / per month

Homeownership Rate

Owners
47.6%
47.6%
Renters
52.4%
52.4%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.2%
32.2%
1970 - 1999
45.3%
45.3%
1940 - 1969
18.5%
18.5%
1939 or Older
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.1%
72.1%
Townhomes
2.7%
2.7%
Small Apt. Buildings
11.7%
11.7%
Apt. Complexes
12.0%
12.0%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.9%
4.9%
1 Bedroom
6.4%
6.4%
2 Bedrooms
22.9%
22.9%
3 Bedrooms
40.1%
40.1%
4 Bedrooms
24.2%
24.2%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES