Madrid, IA—50156
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madrid, IA
As of Oct '25, the median home price in Madrid, IA is $277,000, with a year-over-year change of 7.3%. This indicates that home prices in Madrid, IA 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 | $277,000 | 7.3% |
| Single Family | $277,000 | 7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $216,000 | 9.6% |
3 Bed | $286,000 | 6.7% |
4 Bed | $353,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Madrid, IA
As of July '25, Rentcast reports the average rent in Madrid, IA is $1,040, with a year-over-year rent change of 15.6%. Per bedroom, the median rent as of July '25 in Madrid, IA is 2-bedrooms: $988, 3-bedrooms: $1,100. The most common rental property sizes in Madrid, IA are 3-bedroom and 2-bedroom, accounting for 43.0% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $988 |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madrid, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Madrid, IA is 35. This is a increase of 2.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | -8.0% |
Listing Count | 26 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 35 | 2.0% |
Demographics — Madrid, IA
As of the latest ACS Survey released in 2023, Madrid, IA has a population of 4,410, which has decreased by -9.4% over the past 5 years. Madrid, IA is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,410 | -9.4% |
% Under 18 | 21.2% | -8.2% |
% Seniors | 22.1% | 27.0% |
% WFH | 11.1% | 382.6% |
% w/ College Degree | 29.9% | 4.5% |
As of the latest ACS Survey released in 2023, Madrid, IA is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Madrid, IA is hispanic, making up 3.7% of the population. Foreign-born residents account for 0.0% of the population in Madrid, IA, and this percentage has decreased by 100.0% 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 | 95.0% | -2.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 311.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Madrid, IA
According to HUD data as of 2023, there were 119 mortgage originations in Madrid, IA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Madrid, IA. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Madrid, IA
Madrid, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | $55 | $925 | $980 |
| 3 Bedroom | $230 | $1,100 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Madrid, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $277,000 |
| Median Household Income | $97,300 |