New Madrid, MO is an affordable area when it comes to housing. The median value of homes in New Madrid is $113,600, which is significantly lower than the U.S. median value of $338,100. Additionally, over the past year New Madrid has seen a 13.45% increase in home values, compared to the 8.27% average appreciation rate for the U.S. This means that not only are homes in New Madrid more affordable than other parts of the U.S., but they also offer greater returns on investments due to higher appreciation rates compared to national averages.
The median home cost in New Madrid is $113,600. Home appreciation the last 10 years has been 73.2%. Home Appreciation in New Madrid is up 17.1%.
Average Age of Homes
- The median age of New Madrid real estate is 41 years old
The Rental Market in New Madrid
- Renters make up 38.7% of the New Madrid population
- 1.4% of houses and apartments in New 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.