House Prices

House Prices & Home Values Madrid, NE 2026


Average Data

average house price$373,350
average size per house1820 ft²
average price per ft²206 $ / ft²

04/17/2026 - The value range (VR) for house prices in Madrid, NE is $205/ sqft to $205/ sqft. An average home with 1820 sqft costs approximately $373,100 to $373,100. Madrid, NE includes 1 ZIP codes and it is located in Perkins county. The lowest prices are found in ZIP 69150, while the highest are in ZIP 69150. The average price per sqare feet is $206. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Madrid

69150199 $ / ft²




Historical development of home values in Madrid

Year Estimated value (USD) Change vs. 2025
2010 $173,390 -53.6%
2011 $166,685 -55.4%
2012 $166,237 -55.5%
2013 $172,450 -53.8%
2014 $181,025 -51.5%
2015 $190,316 -49.0%
2016 $200,248 -46.4%
2017 $211,056 -43.5%
2018 $222,725 -40.3%
2019 $233,052 -37.6%
2020 $245,100 -34.4%
2021 $278,774 -25.3%
2022 $324,988 -13.0%
2023 $342,715 -8.2%
2024 $362,542 -2.9%
2025 $373,350 0.0%

Graph: estimated home values in Madrid over time (USD)



Example: 100% financing house in Madrid

Loan amount: $373,350

Interest rate: 6.00%

Fixed monthly payment: $2,238.42

Breakdown in the 1st month:
Interest portion: $1,866.75  –  Principal portion: $371.67

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,276.28 $4,584.78 $368,765.22
2 $21,993.50 $4,867.56 $363,897.66
3 $21,693.28 $5,167.78 $358,729.88
4 $21,374.54 $5,486.52 $353,243.36
5 $21,036.15 $5,824.92 $347,418.44
6 $20,676.88 $6,184.18 $341,234.26
7 $20,295.45 $6,565.61 $334,668.65
8 $19,890.50 $6,970.56 $327,698.08
9 $19,460.57 $7,400.49 $320,297.59
10 $19,004.12 $7,856.94 $312,440.65
11 $18,519.53 $8,341.54 $304,099.12
12 $18,005.04 $8,856.02 $295,243.09
13 $17,458.82 $9,402.24 $285,840.85
14 $16,878.91 $9,982.15 $275,858.69
15 $16,263.23 $10,597.83 $265,260.86
16 $15,609.58 $11,251.48 $254,009.38
17 $14,915.61 $11,945.45 $242,063.93
18 $14,178.84 $12,682.22 $229,381.71
19 $13,396.63 $13,464.43 $215,917.28
20 $12,566.18 $14,294.89 $201,622.39
21 $11,684.50 $15,176.56 $186,445.82
22 $10,748.44 $16,112.62 $170,333.20
23 $9,754.65 $17,106.41 $153,226.79
24 $8,699.56 $18,161.50 $135,065.29
25 $7,579.40 $19,281.66 $115,783.63
26 $6,390.15 $20,470.91 $95,312.72
27 $5,127.55 $21,733.51 $73,579.20
28 $3,787.07 $23,073.99 $50,505.21
29 $2,363.92 $24,497.14 $26,008.07
30 $852.99 $26,008.07 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Madrid, NE


1500 sqft3900 sqft
Ø selling price$373,891$795,367
Ø fast selling$339,900$715,830
Ø high price sale$407,881$874,903

In 2026, houses in Madrid, NE will be offered at an average price of $206 per square foot. A 1,500 sqft home priced at $373,891 is 22.31% more expensive per square foot than a 3,900 sqft home priced at $795,367. Home prices in Madrid, NE vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $550,638. Sellers who can wait longer may achieve a higher price of up to $673,002.


Madrid, NE: Small-Town Heart of Perkins County

Madrid, NE is a small village in Perkins County on Nebraska?s High Plains, offering classic rural charm and big skies. Known as Madrid, Nebraska, it sits along Nebraska Highway 23 with easy access to nearby hubs like Grant and Ogallala.
Visitors and residents appreciate the friendly pace, low traffic, and the agricultural landscapes that define western Nebraska.

Living and Things to Do in Madrid, Nebraska

If you?re exploring things to do in Madrid NE, start with local cafes, grain elevator vistas, and wide-open sunset photography. Outdoor enthusiasts use Madrid as a base for hunting, birding, and regional fishing lakes, with four-season Great Plains weather shaping every outing.
History lovers can trace railroad-era roots and pioneer homesteads across Perkins County?s museums and heritage sites.

Economy, Schools, and Travel

The local economy centers on agriculture?corn, wheat, cattle, and ag services supported by modern irrigation and co-ops. Families in Madrid are served by Perkins County Schools in nearby communities, known for strong academics, athletics, and FFA traditions.
Housing and Madrid NE real estate are typically affordable, appealing to buyers seeking quiet streets and a tight-knit community. Travelers reach Madrid via Highway 23, and regional airports in North Platte and Imperial support convenient access to statewide and interstate routes.



FAQ – Home Values in Madrid

What is the median home value in Madrid in 2026?

In 2026, the typical home value in Madrid is about $373,350 for an average home size of 1820 square feet. This corresponds to an average price of roughly $206 per square foot.

What is the average cost per square foot in Madrid?

In 2026, homes in Madrid sell for an average of around $206 per square foot, with a typical range between $205 and $205 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Madrid is about 1820 square feet, with an estimated 2026 value around $373,350.



Locations close to Madrid, NE

Maxwell, NE65 $ / ft²
Mullen, NE236 $ / ft²
Ogallala, NE99 $ / ft²
Lodgepole, NE16 $ / ft²
Lisco, NE85 $ / ft²
Lewellen, NE227 $ / ft²
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