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 $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.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: $378,122
- 1-year price change: +3.9%
- 5-year price change: +51.1%
#8. North Fork, CA
- Typical home value: $385,360
- 1-year price change: -0.2%
- 5-year price change: +31.9%
#7. Madera, CA
- Typical home value: $400,919
- 1-year price change: +5.2%
- 5-year price change: +54.1%
#6. Coarsegold, CA
- Typical home value: $414,766
- 1-year price change: +2.2%
- 5-year price change: +38.7%
#5. Oakhurst, CA
- Typical home value: $427,277
- 1-year price change: +2.2%
- 5-year price change: +43.5%
#4. Ahwahnee, CA
- Typical home value: $452,332
- 1-year price change: +1.5%
- 5-year price change: +38.5%
#3. Raymond, CA
- Typical home value: $454,754
- 1-year price change: -0.3%
- 5-year price change: +31.7%
#2. Friant, CA
- Typical home value: $621,844
- 1-year price change: +2.4%
- 5-year price change: +37.3%
#1. Bass Lake, CA
- Typical home value: $680,672
- 1-year price change: -0.6%
- 5-year price change: +45.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.