Madrid, NM is a great place to invest in real estate due to its relatively lower housing median value compared to the US House median value. The housing median value in Madrid, NM is about $222,900 while the US House Median Value is $338,100. In addition, the one year house appreciation in Madrid, NM is higher than the national average at 13.83% compared to 8.27%. This makes Madrid, NM an attractive option for those looking to purchase property as they can enjoy potential for greater returns on their investment.
The median home cost in Madrid is $222,900. Home appreciation the last 10 years has been 71.2%. Home Appreciation in Madrid is up 16.7%.
Average Age of Homes
- The median age of Madrid real estate is 78 years old
The Rental Market in Madrid
- Renters make up 25.8% of the Madrid population
- 0.0% 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.