Home prices
The value of the median home in Madrid is $135,700. In comparison to the surrounding areas it is about $40,700 (23%) lower.It is about $81,800 (37%) lower in comparison to the nation as a whole, and compared to the city of Des Moines it is approximately $2,500 (1%) higher.
Rents
Madrid's median monthly rent is $756. This is approximately $157 (17%) lower in comparison to its surrounding areas.It is approximately $306 (28%) lower compared to the entire country, and compared to the city of Des Moines is about $99 (11%) lower.
Nearby places
Woodward
Woodward is roughly 4 miles west from Madrid. Its housing prices are similar. The median home in Woodward costs $137,500, which works out to $1,800 (1%) higher than Madrid. Rent there is fairly similar. The median monthly rent in Woodward is $763, which is very similar to Madrid.
Sheldahl
Sheldahl is roughly 5 miles east from Madrid. The real estate prices there are somewhat less expensive. The cost of the median home in Sheldahl is $120,500, which is $15,200 (12%) lower than Madrid. Rent there is a little more expensive. Sheldahl's median rent is $1,018 per month, which is $262 (25%) higher than Madrid.
Slater
Slater is about 5 miles east of Madrid. Real estate prices there are somewhat more expensive. The median home in Slater is valued at $164,300, which comes out to $28,600 (17%) higher than Madrid. The rent there is similar. The median monthly rent in Slater is $744, which is $12 (1%) lower than Madrid.
Granger
Granger is roughly 7 miles south of Madrid. Housing prices there are significantly more expensive. The value of the median home in Granger is $210,700, which is $75,000 (35%) higher than Madrid. Rents there are a little more expensive. In Granger the median rent is $886 a month, which comes out to $130 (14%) higher than Madrid.
Polk City
Polk City is roughly 8 miles southeast from Madrid. The housing prices there are significantly more expensive. The cost of the median home in Polk City is $249,000, which works out to $113,300 (45%) higher than Madrid. Its rents are substantially more expensive. In Polk City the median rent is $1,152 a month, which comes out to $396 (34%) higher than Madrid.
