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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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.
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#9. North Fork, CA
- Typical home value: $380,532
- 1-year price change: +0.9%
- 5-year price change: +34.3%
#8. Chowchilla, CA
- Typical home value: $381,718
- 1-year price change: +4.8%
- 5-year price change: +52.2%
#7. Madera, CA
- Typical home value: $403,522
- 1-year price change: +4.4%
- 5-year price change: +53.8%
#6. Coarsegold, CA
- Typical home value: $419,471
- 1-year price change: +2.8%
- 5-year price change: +40.5%
#5. Oakhurst, CA
- Typical home value: $434,866
- 1-year price change: +3.0%
- 5-year price change: +43.3%
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#4. Raymond, CA
- Typical home value: $444,383
- 1-year price change: +0.9%
- 5-year price change: +35.1%
#3. Ahwahnee, CA
- Typical home value: $458,371
- 1-year price change: +2.8%
- 5-year price change: +40.6%
#2. Friant, CA
- Typical home value: $622,257
- 1-year price change: +1.6%
- 5-year price change: +38.8%
#1. Bass Lake, CA
- Typical home value: $678,182
- 1-year price change: +0.8%
- 5-year price change: +46.7%