Expensive
Affordable
Affordable
Colorblind friendly
off
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 $121,944, lower than the Missouri average of $246,641.
The average cost of rent is $781/mo in New Madrid, primarily driven by the current value of real estate in the New Madrid area. In New Madrid, 42.12% of households rent, and 53.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Madrid is $4,395 per month. Households that rent pay about 17.76% of their income on rent here. New Madrid’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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