The housing market in Madrid, NY is flourishing. The median value of a house is $136,900 which is considerably lower than the US median house value, which is $338,100. Furthermore, over the last year, house appreciation in Madrid has been at 9.27%, compared to 8.27% for the US as a whole. This indicates that people are increasingly viewing Madrid as an attractive place to live and invest, which is driving growth in the local housing market.
The median home cost in Madrid is $136,900. Home appreciation the last 10 years has been 30.9%. Home Appreciation in Madrid is up 11.4%.
Average Age of Homes
- The median age of Madrid real estate is 60 years old
The Rental Market in Madrid
- Renters make up 16.3% of the Madrid population
- 2.2% of houses and apartments in Madrid, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.