Madera, California Housing Market Prices
Madera Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 49% below the California median$335,016
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Median rent 36% below the California median$1,311
Housing Market Overview
| Metric | Madera | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,016 | $650,794 | $248,835 |
| Price Trend (Annual %) | 16.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,311 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madera is about 49% lower than in California. Rent is about 36% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Madera, up about 16.4% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Madera rose about 51.2% between 2015 and 2024, from $867 to $1,311. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Madera.
Buying the median-priced home in Madera costs roughly 21.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madera. The price-to-rent ratio in California is about 26.6.
| Metric | Madera | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,016 | $650,794 | $248,835 |
| Median Household Income | $57,879 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.8 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madera rose about 191.6%, while median household income rose about 41.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madera | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.4% | 51.7% | 58.5% |
| Rental Rate | 45.6% | 40.8% | 31.2% |
| Vacancy Rate | 5.0% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Madera has a homeownership rate of 49.4%, lower than the California average of 51.7%. Its housing vacancy rate is 5.0%, compared with 7.5% in California.
Housing Stock
| Metric | Madera | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.84 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1987 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.0 | 5.5 |
The typical housing unit in Madera was built around 1987. On average, 3.8 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Madera, California.
What is the median home price in Madera, California?
The median home price in Madera, California is $335,016, lower than the California average of $650,794.
What is the average home price in Madera, California?
The typical home price in Madera, California, reported as the median sale price, is $335,016. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Madera, California?
The median gross rent in Madera, California is $1,311 per month, lower than the California average of $2,036.
What was the median gross rent in Madera in 2020?
In 2020, the median gross rent in Madera, California was $1,047 per month.
What is the price-to-rent ratio in Madera, California?
The price-to-rent ratio in Madera, California is about 21.3, meaning it would take roughly 21.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madera.
Are home prices or rent rising faster in Madera, California?
Both home prices and rent are rising in Madera, up about 16.4% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madera, California?
49.4% of households in Madera, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Madera, California?
The housing vacancy rate in Madera, California is 5.0%, lower than the California average of 7.5%.
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