Madrid, AL Housing Statistics

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34%

Med. Home Val. NAT. AVG.

22%

Rent NAT. AVG.

34%

Owner Occ. NAT. AVG.

Madrid Housing Information

Index	Madrid	Alabama	National
Median home price	$215,099	$235,536	$326,622
Median rent asked	$1,129	$1,109	$1,444
Avg. people per household	2.6	2.5	2.6
Owner occupied households	85.0%	68.5%	63.6%
Renter occupied households	15.0%	31.5%	36.4%

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Housing Quick Facts

The median home price in Madrid is 34% lower than the national average.
The median rent asked in Madrid is 22% lower than the national average.
The average number of people per household in Madrid is 1% higher than the national average.
The number of owner occupied households in Madrid is 34% higher than the national average.
The number of renter occupied households in Madrid is 59% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Noma, FL	303	$116,901	64%
Jacob City, FL	263	$124,977	62%
Esto, FL	320	$126,664	61%
Slocomb, AL	2,011	$135,044	59%
Campbellton, FL	216	$142,354	56%
Madrid, AL	293	$215,099	34%

Cities with similar population

	Population	Home Price	National Avg.
Switzer, WV	293	$0	100%
Tierra Grande, TX	293	$0	100%
Gary, SD	293	$94,733	71%
Lumber City, PA	293	$156,294	52%
Alice Acres, TX	293	$98,113	70%
Madrid, AL	293	$215,099	34%

Source: The Madrid, AL housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.