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Madrid, IA Home Values and Rents
The typical home value in Madrid is $282,643, 109th highest of 281 cities and towns in Iowa. Median rent is $1,029 a month.
- Typical home value
- $282,643
- 109th of 281 in IA
- Median rent
- $1,029/mo
- ACS 2020-2024
- Price change, 1 year
- +2.0%
- Sep 2026
- Homeownership
- 84.0%
- IA: 71.7%
Typical home value in Madrid
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Madrid |
|---|---|
| Sep 2026 | $282,643 |
| Dec 2025 | $281,564 |
| Dec 2024 | $263,427 |
| Dec 2023 | $248,874 |
| Dec 2022 | $241,859 |
| Dec 2021 | $219,220 |
| Dec 2020 | $203,454 |
| Dec 2019 | $191,620 |
| Dec 2018 | $180,533 |
| Dec 2017 | $166,775 |
| Dec 2016 | $157,223 |
| Dec 2015 | $144,152 |
| Dec 2014 | $136,278 |
| Dec 2013 | $135,405 |
| Dec 2012 | $132,623 |
Over five years, Madrid prices changed +30.9%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Boone County, IA HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $763 | -2.6% |
| 1 bedroom | $768 | -2.5% |
| 2 bedrooms | $967 | -5.8% |
| 3 bedrooms | $1,339 | -6.2% |
| 4 bedrooms | $1,453 | -3.1% |
Frequently asked questions
- What is the typical home value in Madrid, IA?
- The typical home value in Madrid is $282,643 (Zillow Home Value Index, Sep 2026). The Iowa median is $208,000.
- How much is rent in Madrid?
- The median rent in Madrid is $1,029 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $967.
- Are home prices going up in Madrid?
- The typical home value in Madrid changed +2.0% over one year and +30.9% over five years, as of Sep 2026.
- How does Madrid compare with the rest of Iowa?
- Madrid has the 109th highest median home value of 281 cities and towns with 1,000+ residents in Iowa.