Madrid, IA Housing


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United States / Iowa / No Metro Area / Boone County / Madrid / Zip Codes
Housing in Madrid, IA is booming. The median value of homes in Madrid has risen steadily over the past year, exceeding the national appreciation rate of 8.27%. At $224,600, the median value in Madrid is significantly lower than the national median value of $338,100. This means that housing in Madrid is an attractive option for potential home buyers looking to get a great deal on quality real estate.

The median home cost in Madrid is $224,600. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Madrid is up 16.4%.

Average Age of Homes
- The median age of Madrid real estate is 60 years old
The Rental Market in Madrid
- Renters make up 26.1% of the Madrid population
- 3.5% 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingMadrid, IowaUnited States
  1,280.0139,647,020.0
  5742
  $224,600$338,100
  16.4%16.6%
  42.3%57.0%
  65.5%101.1%
  $19.48$10.98
  $2,727$2,690
  73.4%57.4%
  8.3%11.2%
  18.4%31.4%
  Vacant Housing
  3.5%1.9%
  0.0%0.4%
  1.6%0.7%
  0.0%0.4%
  1.0%3.6%
  2.2%4.1%
  Value of Owner-Occupied Housing
  2.4%2.6%
  3.1%2.4%
  2.3%2.8%
  5.2%3.9%
  6.5%4.5%
  38.2%11.3%
  27.5%13.0%
  12.5%20.1%
  0.6%13.6%
  0.0%8.3%
  0.5%9.7%
  0.0%3.9%
  1.1%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  10.5%13.6%
  10.5%13.6%
  9.3%13.6%
  6.5%13.2%
  12.1%14.8%
  9.3%13.6%
  10.5%10.0%
  2.3%4.7%
  32.6%12.2%
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