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Cheap Homes in Madrid, IA

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Madrid, IA Foreclosures

How much do homes sell for in Madrid, IA?
The average home price is currently $310,020.
In Madrid, IA, how many homes are available?
There are currently 17 active home listings available in Madrid.
What’s the average rental cost in Madrid, IA?
The average rental price in Madrid is $1,469.
What is the most expensive home in Madrid?
The most expensive home sold in Madrid had a price of $2,544,100.
What is currently the cheapest priced home in Madrid, IA?
The cheapest home for sale in Madrid is priced at $12,936.

Living in Madrid, IA

Madrid, Iowa is a quaint and welcoming town that offers a perfect blend of outdoor adventure and community charm. It's a great place for families, with solid schools and various local amenities. The nearby parks and nature reserves enhance the town’s appeal to nature lovers and outdoor enthusiasts.

Current Market Conditions in Madrid, IA

The real estate market in Madrid is currently experiencing steady growth, with an increase in both home sales and property values. The demand for housing in this small town has risen as more people seek a peaceful lifestyle away from the hustle and bustle of larger urban areas.

Currently, there is a good mix of homes for sale ranging from affordable properties for first-time buyers to larger family homes. This diversity in the market has made it an attractive option for a wider range of potential homeowners looking to settle in a friendly community.

Home Value Estimator For Madrid, IA

There are currently 1,798 real estate properties in Madrid, IA, with a median automated valuation model (AVM) price of $264,667.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madrid, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madrid, IA, is $310,020.00, with the most expensive house in Madrid, IA, topping out at $2,544,100.00 and the cheapest home in Madrid, IA, clocking in at $12,936.00. In other words, there’s something for every potential homebuyer or savvy investor in Madrid, IA!

Rent Prices In Madrid, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madrid, IA, is on a rollercoaster ride. The average rent price in Madrid, IA, is $1,469.00. Indeed, when looking to rent in Madrid, IA, you can expect to pay as little as $790.00 or as much as $2,160.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Madrid, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Madrid, IA

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