Madrid

Population: 2,803
Median household income: $86,915
Median home value: $185,100

Located in Boone County, Iowa, Madrid is a community with a population of 2,803. The median household income of $86,915 is above the Boone County median ($79,741).

From 2019 to 2023, Madrid's population grew 8.7% from 2,578 to 2,803, while its median home value rose 36.4% from $135,700 to $185,100.

The median gross rent is $1,034. 22.6% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 2,803
Median age: 40.1 yrs
Median household income: $86,915
Median home value: $185,100
Median gross rent: $1,034
Housing units: 1,217
Homeownership rate: 82.0%
Bachelor's degree or higher: 22.6%
Unemployment rate: 0.8%

Trends

ACS 5-year · 2019–2023

Population

2,5782,803

Median household income

$63,895$86,915

Median home value

$135,700$185,100

Median gross rent

$756$1,034

Year	Population	Median household income	Median home value	Median gross rent
2019	2,578	$63,895	$135,700	$756
2020	2,570	$67,396	$138,700	$850
2021	2,782	$67,813	$140,000	$1,002
2022	2,784	$74,375	$164,900	$897
2023	2,803	$86,915	$185,100	$1,034

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.8%

5 to 1715.1%

18 to 246.5%

25 to 3416.3%

35 to 4412.1%

45 to 5410.3%

55 to 6414.4%

65 to 7410.0%

75 and over10.5%

	Count	Share
Under 5	134	4.8%
5 to 17	423	15.1%
18 to 24	181	6.5%
25 to 34	456	16.3%
35 to 44	340	12.1%
45 to 54	290	10.3%
55 to 64	404	14.4%
65 to 74	281	10.0%
75 and over	294	10.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,652	94.6%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	58	2.1%
Hispanic or Latino (any race)	93	3.3%

Educational attainment (age 25+)

No high school diploma10.4%

High school graduate30.2%

Some college or associate's36.8%

Bachelor's degree18.0%

Graduate or professional degree4.6%

	Count	Share
No high school diploma	215	10.4%
High school graduate	623	30.2%
Some college or associate's	760	36.8%
Bachelor's degree	372	18.0%
Graduate or professional degree	95	4.6%

Commute to work

Mean travel time to work: 26 min

Drove alone74.0%

Carpooled9.9%

Public transit0.1%

Walked0.8%

Bicycle0.0%

Worked from home14.5%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	1,072	74.0%
Carpooled	143	9.9%
Public transit	2	0.1%
Walked	12	0.8%
Bicycle	0	0.0%
Worked from home	210	14.5%
Other means	10	0.7%

Travel time

	Count	Share
Under 15 min	248	20.0%
15 to 29 min	391	31.6%
30 to 44 min	508	41.0%
45 to 59 min	70	5.6%
60+ min	22	1.8%

Households

Average household size: 2.39
Poverty rate: 7.4% (199 of 2,698)

	Count	Share
Family households	683	60.1%
Nonfamily households	453	39.9%

Housing

Median year structure built: 1959

Occupancy

	Count	Share
Occupied	1,136	93.3%
Vacant	81	6.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	932	82.0%
Renter-occupied	204	18.0%

1-unit, detached75.7%

1-unit, attached4.4%

2 to 4 units4.9%

5 to 19 units4.5%

20 or more units5.9%

Mobile home & other4.6%

Units in structure

	Count	Share
1-unit, detached	921	75.7%
1-unit, attached	53	4.4%
2 to 4 units	60	4.9%
5 to 19 units	55	4.5%
20 or more units	72	5.9%
Mobile home & other	56	4.6%

Geography

Place GEOID: 1948450
Type (LSAD): 25
Land area: 1.22 sq mi
Water area: 0 sq mi
Center point: 41.8757, -93.8205