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 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%).
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.
$350,230
for California
for nation
3,323
$1,600 / per month