Department of Numbers

Madera California Residential Rent and Rental Statistics

The median monthly gross residential rent in Madera, CA (the Madera-Chowchilla metro area) was $947 in 2015 according to the Census ACS survey.1 Average gross rent in Madera was $869 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Madera median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Madera California (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
California Median Gross Rent $1,311 +3.88% +8.98%
Madera, CA Median Gross Rent $947 +2.38% +7.01%

Madera, CA Real Gross Rent Trends

Median gross rent for Madera peaked in real terms in 2008 at $1,009 and is now $62 (6.14%) lower. Average gross rent for Madera peaked in real terms in 2006 at $942 and is now $73 (7.75%) lower.

Real Gross Rent in Madera: Madera CA Median, Madera CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Madera

Date US
Median
California
Median
Madera, CA
Median
Madera, CA
Average
2015 $959 $1,311 $947 $869
2014 $930 $1,262 $925 $869
2013 $898 $1,215 $961 $876
2012 $886 $1,203 $885 $860
2011 $887 $1,195 $801 $777
2010 $901 $1,225 $924 $871
2009 $905 $1,241 $887 $860
2008 $920 $1,267 $1,009 $940
2007 $874 $1,194 $841 $807
2006 $883 $1,191 $912 $942
2005 $858 $1,147 $779 $719

Madera Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Madera California was 2.67% according to Census ACS data.

Rental Vacancy Rate in Madera California

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
California 3.33% -0.57% -1.18%
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 6.96% to 2.67%. Data records for this series originated in 2005.

Rental Vacancy Rate: Madera CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Madera

Date US California Madera, CA
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%
2008 7.86% 4.71% 4.85%
2007 7.87% 4.72% 4.83%
2006 7.70% 4.67% 1.18%
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 24.10% in 2015 according to the ACS.

Madera California Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
California 24.39% -0.18% -0.30%
Madera, CA 24.10% -2.17% -1.10%

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 5.11% to 24.10%.

Fraction of Income towards Rent: Madera CA, California, US

Percent of median household income going towards median monthly gross rent in Madera California

Historical Data for Annual Rent as a Fraction of Income in Madera California

Date US California Madera, CA
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%
2008 19.00% 22.32% 22.89%
2007 18.66% 21.58% 20.25%
2006 18.90% 21.80% 24.20%
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 2015 38.20% of households were renters according to Census ACS data.

Madera Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
California 46.41% +0.14% +0.44%
Madera, CA 38.20% -0.46% -1.96%

Trends in the Madera, CA Renter Fraction

The Madera household renter fraction peaked in in 2013 at 42.60% and is now 4.40% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Madera CA, California, US

Fraction of renters in Madera

History of Madera Renter Fraction

Date US California Madera, CA
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%
2008 33.36% 42.95% 40.38%
2007 32.80% 42.00% 37.65%
2006 32.73% 41.55% 38.95%
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.