Housing in Madrid, NE

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$190,659

Madrid vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Madrid is highlighted.

Median Home Value

21st%ilemost expensive$101,300show rank

Median Rent

38th%ilemost expensive rent$850show rank

Rent Burden

19th%ilehighest rent burden14.2%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$101,300

Median Rent

$850

Total Housing Units

Vacancy Rate

13.3%

Owner Occupied

92.9%

Renter Occupied

7.1%

Median Property Tax

$1,060

per year

Monthly Cost (w/ Mortgage)

$650

Housing Types

Single Family

93.9%

Multi-Family

0.0%

Mobile Home

6.1%

The median home value in Madrid, NE is $101,300. According to Zillow, the home value index for Madrid is $190,659. The median rent is $850 per month (Census ACS). About 92.9% of housing units are owner-occupied. The median year homes were built is 1962. There are 98 total housing units.