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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



McFarland, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

McFarland, CA Housing Market Trends

With 14,019 people, 3,323 houses or apartments, and a median cost of homes of $350,230, McFarland real estate values are some of the lowest in California, although compared to real estate around the nation, McFarland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in McFarland, accounting for 81.48% of the city's housing units. Other types of housing that are prevalent in McFarland include large apartment complexes or high rise apartments ( 7.10%), duplexes, homes converted to apartments or other small apartment buildings ( 6.68%), and a few row houses and other attached homes ( 2.88%).

The most prevalent building size and type in McFarland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.88% owning and 48.12% renting.

McFarland homes and real estate are some of the newest in America. 36.88% of McFarland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the McFarland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.48%), and between 1940-1969 ( 23.65%). There's also some housing in McFarland built before 1939 ( 4.99%).

McFarland Home Appreciation Rates

Appreciation rates for homes in McFarland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.78%, which ranks in the top 30% nationwide. This equates to an annual average McFarland house appreciation rate of 7.74%.

Appreciation rates are so strong in McFarland that despite a nationwide downturn in the housing market, McFarland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McFarland appreciation rates continue to be some of the highest in America, at 8.84%, which is higher than appreciation rates in 79.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McFarland. McFarland appreciation rates in the latest quarter were at -0.94%, which equates to an annual appreciation rate of -3.71%.

Notably, McFarland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that McFarland's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

Average Home Values

Median Home Value

$350,230

McFarland, CA Home Prices
> $1,417,000
$1,062,001 - $1,417,000
$709,001 - $1,062,000
$567,001 - $709,000
$425,001 - $567,000
$283,001 - $425,000
$142,001 - $283,000
$70,001 - $142,000
$0 - $70,000
0.0%
0.0%
0.8%
0.8%
3.1%
3.1%
1.7%
1.7%
11.4%
11.4%
57.3%
57.3%
22.7%
22.7%
0.3%
0.3%
2.7%
2.7%
0% 100.0%
% of Homes
Very Low

for California

High

for nation

Number of Homes And Apartments:

3,323

McFarland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,600 / per month

Homeownership Rate

Owners
Renters
51.9%
51.9%
48.1%
48.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.9%
36.9%
34.5%
34.5%
23.7%
23.7%
5.0%
5.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.5%
81.5%
2.9%
2.9%
6.7%
6.7%
7.1%
7.1%
1.9%
1.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.6%
5.6%
23.8%
23.8%
44.5%
44.5%
23.9%
23.9%
2.3%
2.3%
0% 100.0%
% of Homes

Popular Neighborhoods in McFarland

Zip Codes in McFarland, CA