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ZipNumbers

Iowa · Census place 48450

Madrid city, IA

Quick answer

Madrid city has 2,803 residents, ranking #129 of 1026 places in Iowa. Median household income is $86,915, the median home is worth $185,100 and median gross rent runs $1,034 a month.

Population
2,803Madrid city residents
Median household income
$86,915Past 12 months, inflation adjusted
Median home value
$185,100Owner-occupied units
Median gross rent
$1,034Rent plus utilities, monthly
Median age
40.1 yrsAll residents
Homeownership rate
82%Owner-occupied households

What the numbers mean in Madrid city

Housing cost measured against local earnings.

A household earning the Madrid city median would spend about 14.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.4% of residents and 82% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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