Housing in Madrid, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$311,000
Median List Price
$388,900
Price Per Sq Ft
$215
Days on Market
45
Active Inventory
15
Months of Supply
3.0
Seller's market
Zillow Home Value
$272,739
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
60.0%
Sale-to-List Ratio
97.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
11
Pending Sales
5
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$215
Median List $/SF
$240
Madrid vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Madrid is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$185,100
Median Rent
$1,034
Total Housing Units
1,217
Vacancy Rate
6.7%
Owner Occupied
82.0%
Renter Occupied
18.0%
Median Property Tax
$3,069
per year
Monthly Cost (w/ Mortgage)
$1,282
Housing Types
The current median sale price in Madrid, IA is $311,000 according to Redfin data. Homes spend a median of 45 days on the market. 0.0% of homes sold above asking price. The market has 3.0 months of supply. The median price per square foot is $215. The median rent is $1,034 per month (Census ACS). About 82.0% of housing units are owner-occupied. The median year homes were built is 1959. There are 1,217 total housing units.