Madera California Residential Rent and Rental Statistics
The median monthly gross residential rent in Madera, CA (the Madera-Chowchilla metro area) was $1,028 in 2019 according to the Census ACS survey.1 Average gross rent in Madera was $949 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Madera median and average rent data will be released in September of 2021.
Data is also available below for Madera rental vacancy rates, Madera rent as a percent of median income and the fraction of renters in Madera.
Real Gross Rent in Madera California (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| California Median Gross Rent | $1,614 | +4.33% | +12.08% |
| Madera, CA Median Gross Rent | $1,028 | +6.64% | +2.90% |
Madera, CA Real Gross Rent Trends
Median gross rent for Madera peaked in real terms in 2008 at $1,071 and is now $43 (4.01%) lower. Average gross rent for Madera peaked in real terms in 2006 at $1,000 and is now $51 (5.10%) lower.
Real Gross Rent in Madera: Madera CA Median, Madera CA Average, California Median, US Median
Real Gross Rent History for Madera
| Date | US Median |
California Median |
Madera, CA Median |
Madera, CA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,614 | $1,028 | $949 |
| 2018 | $1,077 | $1,547 | $964 | $944 |
| 2017 | $1,043 | $1,492 | $1,025 | $988 |
| 2016 | $1,027 | $1,440 | $999 | $975 |
| 2015 | $1,017 | $1,391 | $1,005 | $922 |
| 2014 | $986 | $1,339 | $981 | $922 |
| 2013 | $953 | $1,289 | $1,019 | $929 |
| 2012 | $940 | $1,277 | $939 | $913 |
| 2011 | $941 | $1,268 | $850 | $824 |
| 2010 | $955 | $1,300 | $980 | $924 |
| 2009 | $960 | $1,316 | $941 | $912 |
| 2007 | $927 | $1,266 | $892 | $856 |
| 2005 | $910 | $1,216 | $826 | $763 |
Madera Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Madera California was 5.35% according to Census ACS data.
Rental Vacancy Rate in Madera California
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| California | 4.06% | +0.09% | +0.75% |
| Madera, CA | — | — | — |
Trends in Madera, CA Rental Vacancy Rate
The rental vacancy rate in Madera peaked in 2012 at 9.63%. Since then it has fallen by 4.28% to 5.35%. Data records for this series originated in 2005.
Rental Vacancy Rate: Madera CA, California, US
Historical Rental Vacancy Rate data for Madera
| Date | US | California | Madera, CA |
|---|---|---|---|
| 2019 | 5.97% | 4.06% | — |
| 2018 | 6.15% | 3.97% | 5.35% |
| 2017 | 6.18% | 3.49% | 2.18% |
| 2016 | 5.89% | 3.31% | 7.45% |
| 2015 | 5.85% | 3.33% | — |
| 2014 | 6.32% | 3.90% | 2.67% |
| 2013 | 6.49% | 4.22% | 3.65% |
| 2012 | 6.77% | 4.51% | 9.63% |
| 2011 | 7.40% | 4.94% | 3.27% |
| 2010 | 8.17% | 5.86% | 6.30% |
| 2009 | 8.43% | 5.76% | 3.88% |
| 2007 | 7.87% | 4.72% | 4.83% |
| 2005 | 7.74% | 4.61% | 6.70% |
Rent as a Fraction of Income
Using median household income data for Madera, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Madera, median monthly gross rent as a fraction of median household income was 19.03% in 2019 according to the ACS.
Madera California Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| California | 24.08% | -0.15% | -0.28% |
| Madera, CA | 19.03% | -1.15% | -3.13% |
Trends in Madera, CA Rent as a Fraction of Income
The fraction of median Madera household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 29.22%. Since then it has fallen by 10.19% to 19.03%.
Fraction of Income towards Rent: Madera CA, California, US
Historical Data for Annual Rent as a Fraction of Income in Madera California
| Date | US | California | Madera, CA |
|---|---|---|---|
| 2019 | 20.03% | 24.08% | 19.03% |
| 2018 | 20.50% | 24.23% | 20.18% |
| 2017 | 20.13% | 24.18% | 23.26% |
| 2016 | 20.43% | 24.36% | 22.16% |
| 2015 | 20.63% | 24.39% | 24.10% |
| 2014 | 20.89% | 24.57% | 26.27% |
| 2013 | 20.78% | 24.40% | 29.22% |
| 2012 | 20.65% | 24.69% | 25.21% |
| 2011 | 20.70% | 24.59% | 20.28% |
| 2010 | 20.50% | 24.18% | 21.80% |
| 2009 | 20.12% | 23.52% | 22.46% |
| 2007 | 18.66% | 21.58% | 20.25% |
| 2005 | 18.89% | 21.77% | 16.95% |
Renter Fraction in Madera California
You can calculate the renter fraction in Madera in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Madera as a fraction of total Madera households. In 2019 36.42% of households were renters according to Census ACS data.
Madera Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| California | 45.14% | -0.04% | -1.22% |
| Madera, CA | 36.42% | +0.31% | -3.77% |
Trends in the Madera, CA Renter Fraction
The Madera household renter fraction peaked in in 2013 at 42.60% and is now 6.18% below that level. From a recent low of 31.26% in 2017, the household based renter fraction has now grown by 5.16%. The origin year for the series is 2005.
Fraction of Renting Households: Madera CA, California, US
History of Madera Renter Fraction
| Date | US | California | Madera, CA |
|---|---|---|---|
| 2019 | 35.89% | 45.14% | 36.42% |
| 2018 | 36.05% | 45.18% | 36.11% |
| 2017 | 36.13% | 45.21% | 31.26% |
| 2016 | 36.88% | 46.36% | 40.19% |
| 2015 | 36.97% | 46.41% | 38.20% |
| 2014 | 36.90% | 46.27% | 38.66% |
| 2013 | 36.50% | 46.21% | 42.60% |
| 2012 | 36.09% | 45.97% | 40.16% |
| 2011 | 35.42% | 45.12% | 39.35% |
| 2010 | 34.65% | 44.36% | 39.63% |
| 2009 | 34.13% | 43.43% | 36.06% |
| 2007 | 32.80% | 42.00% | 37.65% |
| 2005 | 33.10% | 41.56% | 31.97% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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