HomeIowaBoone CountyMadrid
Madrid, Iowa: commercial real estate data.
Madrid is a Census city of 2,808 people across 1.22 square miles of land, in Boone County. Median household income is $89,844, 84.0 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madrid
What Madrid is
- Census place typecity
- Land area1.22 sq mi
- Water area0 sq mi
- Population per square mile of land2,294
- County holding the largest share of its areaBoone County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madrid
How many people live in Madrid
- Population2,808
- Median age40.3
- Population under 18565 plus or minus 126
- Share under 1820.1 percent plus or minus 4.5
- Population 65 and over566 plus or minus 131
- Share 65 and over20.2 percent plus or minus 4.7
- Households1,116
- Family households693
- Share of households that are families62.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madrid
Income and work in Madrid
- Median household income$89,844
- Per capita income$37,574
- Civilian labor force1,519
- Employed1,493
- Unemployed26 plus or minus 23
- Unemployment rate1.7 percent plus or minus 1.5
- Adults 25 and over2,071
- Adults 25 and over with a high school diploma or higher88.9 percent
- Adults 25 and over with a bachelor degree or higher22.8 percent plus or minus 5.7
- Adults 25 and over with a graduate degree4.7 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madrid
Housing in Madrid
- Housing units1,204
- Occupied units1,116
- Vacant units88 plus or minus 55
- Vacancy rate7.3 percent plus or minus 4.5
- Owner occupied937
- Renter occupied179 plus or minus 56
- Ownership rate84.0 percent
- Median owner-occupied home value$185,600
- Median gross rent, monthly$1,029 plus or minus $467
- Annual rent as a share of median income13.7 percent plus or minus 6.5
- Single family units1,007
- Share single family83.6 percent
- Units in buildings of two or more158 plus or minus 71
- Share in buildings of two or more13.1 percent plus or minus 5.8
- Mobile homes39 plus or minus 26
- Median year structure built1955
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madrid
How Madrid gets to work
- Workers 16 and over who commute1,229
- Commuting under 15 minutes187 plus or minus 73
- Share commuting under 15 minutes15.2 percent plus or minus 5.6
- Commuting 30 minutes or more635 plus or minus 147
- Share commuting 30 minutes or more51.7 percent
- Drove alone73.8 percent
- Carpooled7.6 percent plus or minus 5.1
- Public transport0.1 percent plus or minus 0.2
- Walked0.5 percent plus or minus 0.9
- Worked from home17.3 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madrid
SBA loans in Madrid (7(a))
- Approvals3
- Gross approval$2,117,000
- Average approval$705,667
- Median approval$250,000
- Largest approval$1,742,000
- Jobs supported19
- Jobs per approval6.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises33.3 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Madrid, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madrid
Flood risk in Madrid
- NFIP communityCity of Madrid
- NFIP community number190325
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date10/21/21(M)
The City of Madrid participates in the National Flood Insurance Program as community 190325 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Boone County, not Madrid
Boone County context, not Madrid figures
- Establishments in Boone County603
- Covered employment, Boone County8,930
- Average annual pay, Boone County$53,922
- Housing units permitted, Boone County75
Every figure in this section is published for Boone County as a whole and is not a measurement of Madrid.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Madrid questions, answered from the record.
How many people live in Madrid, Iowa?
2,808, in 1,116 households. Madrid city covers 1.22 square miles of land, which is 2,294 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Madrid in?
Boone County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Madrid?
$89,844. The median owner-occupied home is valued at $185,600. Median gross rent is $1,029 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Madrid businesses?
3 7(a) approvals totaling $2.1 m since FY2020, across 2 lenders, median approval $250,000. These count approvals to borrowers whose address is in Madrid, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Madrid borrowers get paid back?
No rate is published for Madrid. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Madrid in the National Flood Insurance Program?
Yes. Madrid appears in the FEMA Community Status Book as Madrid, city of, community 190325, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Madrid figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Boone County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Madrid.
Is zoning published for Madrid?
No. Nothing on this page presents parcel level zoning.
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