Home prices
The median home value in Madrid is $80,000. This is approximately $21,560 (21%) lower in comparison to its surrounding areas.It is roughly $137,500 (63%) lower in comparison to the nation as a whole, and compared to the city of Tallahassee it is approximately $123,800 (60%) lower.
Rents
The median monthly rent in Madrid is $643. It is is very similar compared to the surrounding areas.Compared to the rest of the nation it is approximately $419 (39%) lower, and is approximately $380 (37%) lower in comparison to the city of Tallahassee.
Nearby places
Cottonwood
Cottonwood is approximately 5 miles east from Madrid. Housing prices there are pretty similar. The value of the median home in Cottonwood is $83,200, which comes out to $3,200 (3%) higher than Madrid. Rents there are substantially less expensive. Cottonwood's median monthly rent is $463, which works out to $180 (38%) lower than Madrid.
Campbellton
Campbellton is approximately 6 miles south from Madrid. Housing prices there are pretty similar. The median home value in Campbellton is $78,700, which works out to $1,300 (1%) lower than Madrid. The rent there is a little more expensive. The median rent in Campbellton is $721 per month, which works out to $78 (10%) higher than Madrid.
Rehobeth
Rehobeth is approximately 7 miles north from Madrid. Housing prices there are significantly more expensive. The price of the median home in Rehobeth is $148,200, which comes out to $68,200 (46%) higher than Madrid. Rents there are a bit more expensive. The median monthly rent in Rehobeth is $847, which comes out to $204 (24%) higher than Madrid.
Graceville
Graceville is roughly 8 miles southwest of Madrid. Real estate prices there are somewhat more expensive. Graceville's median home value is $103,400, which works out to $23,400 (22%) higher than Madrid. Rent there is a bit less expensive. The median monthly rent in Graceville is $548, which works out to $95 (17%) lower than Madrid.
Malvern
Malvern is about 10 miles northwest from Madrid. Real estate prices there are somewhat more expensive. The median home cost in Malvern is $94,300, which is $14,300 (15%) higher than Madrid. Rent there is similar. Malvern's median monthly rent is $657, which works out to $14 (2%) higher than Madrid.
