Madrid, Iowa (50156) is a great place to own a home. The median value of housing in Madrid is $241,300 which is lower than the national median value of $338,100. Over the past year, house appreciation in Madrid has exceeded the national rate by 2.53%, with an appreciation rate of 10.80%. With such favorable conditions for investments in real estate, Madrid is an attractive option for those seeking to buy or rent a new home.
The median home cost in Madrid (zip 50156) is $241,300. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Madrid (zip 50156) is up 16.4%.
Average Age of Homes
- The median age of Madrid (zip 50156) real estate is 57 years old
The Rental Market in Madrid (zip 50156)
- Renters make up 19.0% of the Madrid (zip 50156) population
- 2.1% of houses and apartments in Madrid (zip 50156), 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.