Market Overview
Home Prices in New Madrid, MO
The median home value in New Madrid, MO is $114,441 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Madrid are priced72% below average.
Over the past five years, New Madrid home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
New Madrid Home Price Trend
2020
$80,858
$81K
—
2021
$89,163
$89K
+10.3%
2022
$102,341
$102K
+14.8%
2023
$106,900
$107K
+4.5%
2024
$111,176
$111K
+4.0%
2025
$113,668
$114K
+2.2%
2026
$114,441
$114K
+0.7%
City Comparison
New Madrid vs. National Median
🏠 New Madrid
$114,441
National Median
$410,000
At $114,441, homes in New Madrid cost 72% below the national median of $410,000. This makes New Madrid a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Madrid?
20% Down Payment
$22,888
on $114,441
Monthly P&I
$597/mo
30-yr @ 6.8%
Total Monthly Est.
~$758/mo
incl. taxes & insurance
Income Needed
$30,320
gross annual (30% rule)
10% Down Option
$11,444
+ PMI applies
Loan Amount (20% dn)
$91,553
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Madrid, MO?
The median home value in New Madrid is $114,441 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in New Madrid?
Over the past year, home values in New Madrid have increased by 0.7%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in New Madrid?
To comfortably afford the median home price of $114,441 with a 20% down payment ($22,888) at today's rates (6.8%), you'd need a gross annual income of approximately $30,320. This assumes keeping total housing costs at or below 30% of gross income.
How does New Madrid compare to the national average home price?
The national median home value is approximately $410,000. At $114,441, homes in New Madrid are 72% below the national average.