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Madrid, IA
Full City Profile · Iowa · Polk County County
3.8
/5.0
B+
Good
2,803
Population
2,298/sq mi density
$86,915
Median Income
$37,322 per capita
$185,100
Home Value
$275,847 Zillow
$1,034
Median Rent
20.8% income on rent
50°F
Avg Temperature
275 sunny days/yr
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$86,915 median income, 0.5% unemployment
A+
Affordability
5.0 / 5.0
$185,100 home value, $1,034/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.8 / 5.0
22.6% bachelor's degree or higher
Housing Overview
Median Home Value
$185,100
34% below
US avg: $281,900
Median Rent
$1,034/mo
11% below
US avg: $1,163/mo
Homeownership Rate
82.0%
25% above US avg (65.4%)
Total Housing Units
1,259
Median year built: 1962
Home Value by Source
Census Median
$185,100
Zillow (ZHVI)
$275,847
Median Sale Price
$180,000
Median List Price
$254,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.0%
Owner-Occupied
18.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$1,034/mo
Market Indicators (Redfin)
Median Days on Market
51 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
38.5%
of listings with price reduction
Price Per Sq Ft
$141
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
20.8%
of renters spending 30%+ of income on housing
33% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
82.0%
Complete Housing Data
Home Values
| Census Median Value | $185,100 |
| Zillow Home Value (ZHVI) | $275,847 |
| Median Sale Price | $180,000 |
| Median List Price | $254,950 |
| Price Per Sq Ft | $141 |
Rent
| Census Median Rent | $1,034 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 51 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 38.5% |
| Homes Sold | 3 |
| Active Inventory | 13 |
| Price Per Sq Ft | $141 |
Ownership & Stock
| Owner-Occupied | 82.0% |
| Renter-Occupied | 18.0% |
| Homeownership Rate | 82.0% |
| Total Housing Units | 1,259 |
| Median Year Built | 1962 |
| Rent Burden | 20.8% |