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 $106,947, lower than the New York average of $481,023.
The average cost of rent is $720/mo in Madrid, primarily driven by the current value of real estate in the Madrid area. While nearly 50.52% of residents own their homes outright in Madrid, 19.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madrid is $5,088 per month. Households that rent pay about 14.16% of their income on rent here. Madrid's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Madrid Springs, NY: equally priced homes
- West Potsdam, NY: equally priced homes
- Yaleville, NY: equally priced homes
- Waddington, NY: higher priced homes
- Chase Mills, NY: higher priced homes
- Norwood, NY: less expensive homes
- Lisbon, NY: higher priced homes
- Slab City, NY: equally priced homes
- Raymondville, NY: less expensive homes
- Morley, NY: higher priced homes
Cities with Similar Populations
- Brickeys, AR: less expensive homes
- Colrain, MA: higher priced homes
- Center, GA: higher priced homes
- Casnovia, MI: higher priced homes
- Campania, GA: higher priced homes
- Byng, OK: higher priced homes
- Bucoda, WA: higher priced homes
- Booneville, KY: less expensive homes
- Belle Glade Camp, FL: higher priced homes
- Barry, IL: less expensive homes
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