Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madrid area can be challenging. Home prices in Madrid are now at a median cost of $181,404, lower than the Colorado average of $430,259.
The average cost of rent is $1,282/mo in Madrid, primarily driven by the current value of real estate in the Madrid area. While nearly 33.06% of residents own their homes outright in Madrid, 7.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madrid is $4,069 per month. Households that rent pay about 31.51% of their income on rent here. Madrid's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
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