Home prices
The median home value in New Madrid is $86,900. Compared to nearby areas this is roughly $35,720 (69%) higher.In comparison to the rest of the nation it is roughly $130,600 (60%) lower, and compared to the city of Jonesboro is roughly $66,000 (43%) lower.
Rents
In New Madrid the median monthly rent is $645. This is roughly $46 (6%) lower in comparison to nearby areas.It is about $417 (39%) lower compared to the rest of the nation, and is about $119 (15%) lower in comparison to the city of Jonesboro.
Nearby places
Howardville
Howardville is roughly 2 miles southwest of New Madrid. Its housing prices are a lot less expensive. The price of the median home in Howardville is $45,000, which works out to $41,900 (93%) lower than New Madrid. Its rents are similar. Howardville's median monthly rent is $655, which comes out to $10 (1%) higher than New Madrid.
Lilbourn
Lilbourn is approximately 3 miles west from New Madrid. Housing prices there are substantially less expensive. The median home price in Lilbourn is $63,400, which works out to $23,500 (37%) lower than New Madrid. The rent there is somewhat less expensive. Lilbourn's median rent is $555 per month, which is $90 (16%) lower than New Madrid.
Marston
Marston is about 5 miles southwest from New Madrid. Its housing prices are substantially less expensive. The median home cost in Marston is $23,000, which comes out to $63,900 (277%) lower than New Madrid. Rent there is a bit more expensive. In Marston the median rent is $763 per month, which comes out to $118 (15%) higher than New Madrid.
Matthews
Matthews is about 12 miles north from New Madrid. Housing prices there are a bit less expensive. The median home in Matthews is valued at $74,500, which works out to $12,400 (16%) lower than New Madrid. Rents there are pretty similar. Matthews's median monthly rent is $666, which comes out to $21 (3%) higher than New Madrid.
Parma
Parma is roughly 13 miles west of New Madrid. The housing prices there are a lot less expensive. The median home in Parma costs $50,000, which comes out to $36,900 (73%) lower than New Madrid. Rents there are somewhat more expensive. The median monthly rent in Parma is $816, which is $171 (20%) higher than New Madrid.
