Madera, CA Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Madera, CA, Federal Housing Finance Agency (FHFA) house price index (HPI), home equity is calculated as the difference between the property's value and the outstanding balance of all liens on the property. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties.

Madera County's home equity values have increased steadily over time. In 2019, the median home equity value in Madera County was $194,000. This represented an increase of $17,000 from 2018 and an increase of $67,000 from 2017. Home prices in Madera County have also been rising steadily over time. In 2019, the median home price in Madera County was $349,000. This represented an increase of $30,000 from 2018 and an increase of $110,000 from 2017.

The rise in both home equity values and home prices in Madera County can be attributed to a number of factors. The strong economy and job market in California has led to population growth and increased demand for housing. Additionally, low interest rates have made it easier for people to buy homes and take out loans to finance them. The combination of these factors has resulted in higher prices for both new and existing homes across California.