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Madrid Real Estate Market Facts

  • $48,300Median home price
    62% lower than Alabama
  • $593Median rent asked
    19% lower than Alabama
  • 85.6%Home owners
    25% higher than Alabama
  • 3.7People per home
    46% higher than Alabama

Madrid Home Affordability

  • $48,300Median home price
    62% lower than Alabama
  • $39,792Median home income
    11% lower than Alabama
  • 1.2xHome price to income ratio
    58% lower than Alabama

Madrid Affordability Calculator

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Madrid Mortgage Calculator

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Madrid Demographics

  • 411Population
  • 212People / sq mile
  • 32.3Median age
  • 0.9:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Jacob City, FL342$46,10075%
Noma, FL224$47,00075%
Slocomb, AL1,589$63,60066%
Greenwood, FL875$69,80062%
Malvern, AL1,785$71,60061%
Madrid, AL411$48,30074%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Stotonic Village, AZ411$46,50075%
Redbird Smith, OK411$45,50075%
Allenwood, PA411$127,10031%
Ray, AL411$106,50042%
Oxford Junction, IA411$53,40071%
Madrid, AL411$48,30074%
Source: The Madrid, AL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).