Madrid, NE Foreclosures
How much do homes sell for in Madrid, NE?
The average home price is currently $143,961.
What’s the average rental cost in Madrid, NE?
The average rental price in Madrid is $919.
What is the most expensive home in Madrid?
The most expensive home sold in Madrid had a price of $390,400.
What is currently the cheapest priced home in Madrid, NE?
The cheapest home for sale in Madrid is priced at $31,300.
Living in Madrid, NE
Madrid, Nebraska, is a small, charming community known for its friendly atmosphere and close-knit residents. With a population of around 1,800, residents enjoy a peaceful suburban lifestyle alongside easy access to outdoor activities and local amenities. The town is characterized by rural landscapes, local businesses, and community events that bring people together throughout the year.
Current Market Conditions in Madrid, NE
The real estate market in Madrid, NE has shown resilience despite broader economic challenges. The modest size of the town means that housing options are limited, but demand remains steady, making it a stable investment opportunity for buyers looking for properties in a peaceful setting.
Currently, the market is experiencing mild appreciation, with home values gradually increasing as more families seek the tranquility and charm of small-town living. Furthermore, the availability of reasonably priced homes attracts first-time buyers, contributing positively to the overall market activity in the area.
Home Value Estimator For Madrid, NE
There are currently 186 real estate properties
in Madrid, NE,
with a median automated valuation model (AVM) price
of $130,000.00. 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, NE, 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, NE,
is $143,961.00, with the most expensive house
in Madrid, NE, topping out
at $390,400.00 and the cheapest home
in Madrid, NE,
clocking in at $31,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madrid, NE!
Rent Prices
In Madrid, NE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madrid, NE, is on
a rollercoaster ride. The
average rent price in Madrid, NE,
is $919.00. Indeed, when looking to rent in
Madrid, NE, you can expect to pay as little
as $470.00 or as much
as $1,620.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Madrid, NE
-- 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.
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