A typical Madrone home is worth roughly $50,000
Home prices around Madrone have risen about 73% over the past 5 years.
What kind of housing town is Madrone?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Madrone
Try your own numbers below.
That covers a typical Madrone home, with $207K to spare.
A two-bedroom rents for about $1,200 a month here, $910 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the New Mexico typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
88% of Madrone households own their home
Half of Madrone’s homes were built before 1993.
New Mexico: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 73% in 5 years
The federal house price index for the ZIP code around Madrone rose 73% over the past 5 years, faster than across New Mexico (50%). Last year prices rose 3.1%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Madrone, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,200
Renters already here pay a median of $1,153.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Madrone vs. its neighbors
The towns that share a border with Madrone. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Madrone | $50K* | +3.1%† | $1,200 | $18,704 |
| Casa Colorada | — | +3.1%† | $1,200 | $47,310 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Madrone buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. 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. The calculator is an estimate, not a loan offer.