Madera Acres, California Real Estate & Housing Market

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Madera Acres Housing Information

Index	Madera Acres	California	National
Median home price	$194,200	$409,300	$184,700
Median rent asked	$1,276	$1,297	$949
Avg. people per household	4.1	3.0	2.6
Owner occupied households	81.9%	54.1%	63.6%
Renter occupied households	18.1%	45.9%	36.4%

Above, you will see a summary of real estate in Madera Acres, CA. On average, homes in Madera Acres, CA cost $194,200, a value that is 53% lower than the average in California. In general terms, this results in Madera Acres, CA real estate being more affordable than California real estate. On average, people who rent houses in Madera Acres, CA pay $1,276; this value is 2% lower than the average amount renters pay in California. 81.9% of Madera Acres, CA residents own their own homes and, on average, each of the homes has 4.1 occupants. Madera Acres, CA real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Madera Acres, CA is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Madera Acres Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Madera Acres, CA. To estimate home affordability, one method is to use the ratio of home price to median household income. The Madera Acres, CA’s median home price stands at $194,200 while $64,141 is the value of the average household income. The resulting home price to income ratio, which is 3.0x, differs from the California average as the ratio is 53% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Madera Acres, CA are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Madera Acres, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
La Vina, CA	291	$0	100%
Parkwood, CA	2,227	$118,400	36%
Le Grand, CA	1,721	$119,500	35%
Biola, CA	1,265	$123,900	33%
Parksdale, CA	3,022	$145,800	21%
Madera Acres, CA	10,366	$194,200	5%

Cities with similar population

City, State	Population	Home Price	National Avg.
Bluefield, WV	10,366	$77,100	58%
Mount Airy, NC	10,364	$131,600	29%
Marlboro Village, MD	10,363	$245,800	33%
Sandy, OR	10,369	$219,600	19%
Minneola, FL	10,371	$145,300	21%
Madera Acres, CA	10,366	$194,200	5%

Source: The Madera Acres, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).