Madrid, NM housing market
The median sale price was $374,000 in February 2026.
Home values, sales, trends and how Madrid compares with the towns next door — updated as new data is published.
Madrid at a glance
Only 1 sale in February 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 49% in 5 years
The federal house price index for the ZIP code around Madrid rose 49% over the past 5 years, about the same as across New Mexico. Last year prices rose 1.2%.
Show as a table
| Year | Change that year | Since 2019 | New Mexico since 2019 |
|---|---|---|---|
| 2025 | +1.2% | +45% | +57% |
| 2024 | −13% | +44% | +52% |
| 2023 | +20% | +66% | +44% |
| 2022 | +27% | +38% | +34% |
| 2021 | +11% | +8.9% | +17% |
| 2020 | −2.2% | −2.2% | +4.8% |
| 2019 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 87010, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,660
HUD's Fair Market Rent for a two-bedroom in Madrid is $1,660 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,240 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87010; Santa Fe, NM MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, February 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.