Cities with the most expensive homes in the Madera metro area
Cities with the most expensive homes in the Madera metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Madera metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
#9. Chowchilla, CA
- Typical home value: $371,897
- 1-year price change: +3.0%
- 5-year price change: +51.3%
#8. North Fork, CA
- Typical home value: $374,933
- 1-year price change: -0.6%
- 5-year price change: +31.5%
#7. Madera, CA
- Typical home value: $392,538
- 1-year price change: +4.3%
- 5-year price change: +54.6%
#6. Coarsegold, CA
- Typical home value: $406,962
- 1-year price change: +1.5%
- 5-year price change: +38.9%
#5. Oakhurst, CA
- Typical home value: $417,108
- 1-year price change: +1.4%
- 5-year price change: +43.8%
#4. Ahwahnee, CA
- Typical home value: $441,591
- 1-year price change: +0.5%
- 5-year price change: +38.1%
#3. Raymond, CA
- Typical home value: $444,486
- 1-year price change: -1.3%
- 5-year price change: +31.9%
#2. Friant, CA
- Typical home value: $606,884
- 1-year price change: +1.9%
- 5-year price change: +36.8%
#1. Bass Lake, CA
- Typical home value: $674,577
- 1-year price change: -0.6%
- 5-year price change: +45.5%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
