Sierra Madre, California has some of the most expensive housing in the United States. The median value of a house in Sierra Madre is $1,324,300 which is more than three times the national median value of $338,100. Furthermore, over the past year, the appreciation rate of housing in Sierra Madre was 11.31%, much higher than the 8.27% appreciation rate seen nationally during that time. With such a high median house value and strong appreciation rate, it is clear that Sierra Madre is a desirable place to live and invest in real estate.
The median home cost in Sierra Madre is $1,324,300. Home appreciation the last 10 years has been 113.1%. Home Appreciation in Sierra Madre is up 15.4%.
Average Age of Homes
- The median age of Sierra Madre real estate is 63 years old
The Rental Market in Sierra Madre
- Renters make up 39.2% of the Sierra Madre population
- 1.3% of houses and apartments in Sierra Madre, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.