Madrid, NY—13660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madrid, NY
As of Oct '25, the median home price in Madrid, NY is $148,000, with a year-over-year change of 4.3%. This indicates that home prices in Madrid, NY are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | 4.3% |
| Single Family | $148,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 3.3% |
3 Bed | $153,000 | 4.1% |
4 Bed | $172,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Madrid, NY
Madrid, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madrid, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Madrid, NY is 111. This is a increase of 155.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 109.0% |
Listing Count | 6 | 71.0% |
| Listings as % of Homes | 0.4% | 71.0% |
Days on Market | 111 | 155.0% |
Demographics — Madrid, NY
As of the latest ACS Survey released in 2023, Madrid, NY has a population of 1,950, which has increased by 25.4% over the past 5 years. Madrid, NY is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,950 | 25.4% |
% Under 18 | 26.7% | 8.5% |
% Seniors | 16.0% | 8.1% |
% WFH | 5.1% | 37.8% |
% w/ College Degree | 22.0% | 11.7% |
As of the latest ACS Survey released in 2023, Madrid, NY is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Madrid, NY is hispanic, making up 2.6% of the population. Foreign-born residents account for 2.7% of the population in Madrid, NY, and this percentage has decreased by 28.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.7% | -1.4% |
% Black | 0.2% | -50.0% |
% Hispanic | 2.6% | 23.8% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 2.7% | -28.9% |
Mortgage and Risk — Madrid, NY
According to HUD data as of 2023, there were 38 mortgage originations in Madrid, NY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Madrid, NY. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Madrid, NY
Madrid, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Madrid, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $148,000 |
| Median Household Income | $72,000 |