Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,775, 4,620 total housing units (homes and apartments), and a median house value of $1,410,272, Sierra Madre house prices are not only among the most expensive in California, Sierra Madre real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Sierra Madre, accounting for 59.98% of the city's housing units. Other types of housing that are prevalent in Sierra Madre include large apartment complexes or high rise apartments ( 20.84%), row houses and other attached homes ( 11.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.49%).
People in Sierra Madre primarily live in small (one, two or no bedroom) single-family detached homes. Sierra Madre has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sierra Madre's housing was primarily built during this period, from the '40s through the '60s. A full 51.82% of the city's housing hails from this era. Other housing ages represented in Sierra Madre include homes built between 1970-1999 ( 24.69%) and housing constructed before 1939 ( 17.58%). There's also some housing in Sierra Madre built between 2000 and later ( 5.91%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Sierra Madre, where house values have increased just 59.62%, which is annualized rate of 4.79%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Sierra Madre that despite a nationwide downturn in the housing market, Sierra Madre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sierra Madre appreciation rates continue to be some of the highest in America, at 8.95%, which is higher than appreciation rates in 92.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sierra Madre. Sierra Madre appreciation rates in the latest quarter were at 0.41%, which equates to an annual appreciation rate of 1.66%.
Relative to California, our data show that Sierra Madre's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,410,272
for California
for nation
4,620
$3,316 / per month