Cities with the most expensive homes in the Madera metro area

·Stacker

ungvar // Shutterstock
ungvar // Shutterstock

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 $371,757 in July, 1.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.

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. North Fork, CA

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#9. North Fork, CA

- Typical home value: $392,502
- 1-year price change: +2.3%
- 5-year price change: +11.8%

#8. Chowchilla, CA

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#8. Chowchilla, CA

- Typical home value: $392,908
- 1-year price change: +1.5%
- 5-year price change: +23.0%

#7. Coarsegold, CA

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#7. Coarsegold, CA

- Typical home value: $423,235
- 1-year price change: -0.9%
- 5-year price change: +11.0%

#6. Madera, CA

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#6. Madera, CA

- Typical home value: $426,523
- 1-year price change: +2.7%
- 5-year price change: +26.7%

#5. Oakhurst, CA

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#5. Oakhurst, CA

- Typical home value: $439,482
- 1-year price change: -1.6%
- 5-year price change: +14.0%

#4. Raymond, CA

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#4. Raymond, CA

- Typical home value: $467,305
- 1-year price change: -1.0%
- 5-year price change: +2.8%

#3. Ahwahnee, CA

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#3. Ahwahnee, CA

- Typical home value: $474,873
- 1-year price change: -1.4%
- 5-year price change: +10.3%

#2. Bass Lake, CA

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#2. Bass Lake, CA

- Typical home value: $603,163
- 1-year price change: +1.0%
- 5-year price change: +12.5%

#1. Friant, CA

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#1. Friant, CA

- Typical home value: $644,050
- 1-year price change: -0.8%
- 5-year price change: +12.5%