Real Estate Investing in Madrid, Iowa

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1 ZIP codes • Population: 4,407 • Boone County

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Should you buy in Madrid, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Madrid, IA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $290,404
Avg Monthly Rent $918
ZIP Codes 1

Investing in Madrid Real Estate

This is a distressed-leaning corner of Iowa: Madrid has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Investors considering Madrid, IA should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Madrid has thinned in a way that amplifies price discovery risk. Turning to rents, investors without local context should treat every number on the page with skepticism.

Madrid's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Ames, IA

Madrid is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Madrid, IA. Anonymous, moderated, never written by AI.

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Avg Home Value
$290,404
Avg Monthly Rent
$918
1% Rule
✗ Below
Landlord Friendly (IA)

📉 Market Crash Risk Index

Based on Ames, IA metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
58%
Days Pending
1/2
50 days

View all metro crash risk rankings →

⚖️ Balanced Market — Ames, IA metro
50
Days to pending
9.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Madrid, IA

Screen every ZIP in Madrid

Filter Madrid’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Madrid, IA

Is housing expensive in Madrid, IA?

Madrid, IA median home values land near $290K. That is reasonable territory for investors looking at $918/mo-per-month rentals.

What is the renter demographic in Madrid, IA?

Madrid, IA offers a even-keeled renter base at the $918/mo rent level. Tenant turnover is reasonable for well-managed properties.

Is Madrid, IA a good market for buy-and-hold investors?

Our data puts Madrid, IA at 3.0/5 for investability. Home prices of $290K and rents around $918/mo create a solid backdrop for investor activity.

Does Madrid, IA favor landlords or tenants?

Madrid, IA operates under IA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.

What is the typical vacancy rate in Madrid, IA?

Madrid, IA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

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