There are currently 3,653 real estate properties in Sierra Madre, CA, with a median automated valuation model (AVM) price of $1,457,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sierra Madre, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sierra Madre, CA, is $1,483,069.00, with the most expensive house in Sierra Madre, CA, topping out at $6,600,000.00 and the cheapest home in Sierra Madre, CA, clocking in at $265,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Sierra Madre, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sierra Madre, CA, is on a rollercoaster ride. The average rent price in Sierra Madre, CA, is $3,603.00. Indeed, when looking to rent in Sierra Madre, CA, you can expect to pay as little as $1,750.00 or as much as $5,940.00, with the average rent median estimated to be $3,630.00. The good news is that finding an affordable and desirable property to rent in Sierra Madre, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Sierra Madre is located in Los Angeles, California, with an estimated municipal population of 10,793 residents. All of the best foreclosed homes for sale in Sierra Madre are located in the following zip code areas on Foreclosure.com: 91024 91025. The estimated population per square kilometer (.62 miles) in Sierra Madre is 1,411.
So, about how much do homes cost in Sierra Madre? The most recent median value of resident-owned homes in Sierra Madre is 980,678. An estimated 61.7 percent of households in Sierra Madre own their homes, with an average family size of 3.01. The median household income in Sierra Madre is 100,988, with51.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sierra Madre, the median commute time of resident workers (in minutes) is 29.9. And last, but certainly not least, are you looking for homes to rent in Sierra Madre? If so, the average rent price paid by renters in Sierra Madre is 1,615, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Sierra Madre, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Sierra Madre is 49, split between 46.4 percent male versus 53.6 female. The percentage of residents who report being married in Sierra Madre is 54.8, with an average family size of 3.01.
The percentage of residents who report their race in Sierra Madre is as follows:
| White | 78.7% |
| Black / African American | 1% |
| Asian | 15.2% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.9% |
| Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Sierra Madre? Or maybe you are searching for 55+ active adult communities in and/or near Sierra Madre?
The percentage of residents who report their age in Sierra Madre is as follows:
| Under 10 | 10.2% |
| Aged 10-19 | 9.8% |
| 20s | 6.6% |
| 30s | 10.3% |
| 40s | 14.8% |
| 50s | 17.1% |
| 60s | 14.1% |
| 70s | 11.2% |
| 80+ | 5.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Sierra Madre with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Sierra Madre.
How do you know that living in -- or moving to -- Sierra Madre is right where you need to be? Perhaps you grew up in Sierra Madre or already live nearby; therefore, the decision to buy a home in Sierra Madre is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Sierra Madre for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Sierra Madre:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Sierra Madre.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Sierra Madre can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Sierra Madre, meanwhile, can field multiple offers from more qualified buyers.
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