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 $117,669, lower than the Nebraska average of $188,542.
The average cost of rent is $574/mo in Madrid, primarily driven by the current value of real estate in the Madrid area. While nearly 69.17% of residents own their homes outright in Madrid, 15.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madrid is $3,827 per month. Households that rent pay about 15.00% of their income on rent here. Madrid's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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- Venango, NE: equally priced homes
Cities with Similar Populations
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- Outing, MN: higher priced homes
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