Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Madrid area can be challenging. Home prices in New Madrid are now at a median cost of $102,067, lower than the Missouri average of $194,908.
The average cost of rent is $646/mo in New Madrid, primarily driven by the current value of real estate in the New Madrid area. While nearly 52.71% of residents own their homes outright in New Madrid, 35.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Madrid is $3,791 per month. Households that rent pay about 17.05% of their income on rent here. New Madrid's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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