Madrid, Nebraska.
Typical home $212,403 (+1.0% in a year).
to buy the typical home at today's mortgage rate — +$482 (+76%) since Jan 2020.
- 1 year
- Up $2,172 +1%
- $210,231$212,403 since Sep 2025
- 5 years
- Up $5,129 +2%
- $207,274$212,403 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madrid$1,115
- Nebraska$1,461
- United States$1,922
Typical home values in Madrid, NE rose 1.0% over the past year — in step with the nation.
Living in Madrid, Perkins County, Nebraska
Madrid is a village of 242 people in Perkins County. Half its households earn more than $75,000 a year and half less, against $72,778 across Perkins County; 11% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Perkins County was 2.0% in August 2026, and the county had 2.0% more jobs in 2025 than the year before. The most people in Perkins County work in farming, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madrid is a very small village in Perkins County, Nebraska, with an older population than most places and homes that are almost all lived in by their owners. Household incomes here run a little above the county's, and a four-year degree is less common among adults than in many towns. Winters are cold, with January the coldest month, and summers turn hot in July, with a modest yearly amount of rain and melted snow.
Work. Residents work mostly in farming, in schools, hospitals and social care, in the building trades, and in transport, warehouses and utilities. Across Perkins County, the largest workplaces include Perkins County Health Services, Perkins County Schools and Hi Line Cooperative. Joblessness in the county is low and unchanged from a year earlier, and the county has added a few jobs over the past year.
Things to do. For time outdoors, Lake McConaughy is a large reservoir, and Enders Reservoir State Recreation Area is a protected area built around a lake, both a longer drive away. Grant City Park is a park, also a longer drive away, and the Diamond Springs Stage Station Site is an archaeological site for anyone interested in the region's history.
Report a mistake
- 90households
- 14%of adults have a degree
- 11%below the poverty line
- 8%work from home
What people in Perkins County work in
Employed residents by industry, from the Census survey. Perkins County had 1,145 jobs in 2025, 2.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 14°; warmest in July, with highs near 89° and lows near 61°. About 21 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Madrid weather station, under a mile away (NOAA).
Largest workplaces in Perkins County
- Perkins County Health ServicesCritical access hospital115FTE
- Perkins County SchoolsSchool district79FTE
- Hi Line CooperativeChemicals, agricultural, merchant wholesalers36
- Hi-Line CooperativeChemicals, agricultural, merchant wholesalers36
- The Midwest Electric CooperativeDistribution of electric power34
- Mid America Agri Products/WheatlandDenatured alcohol manufacturing31
- CharlesWater well pump and well piping system installation25
- Aurora Cooperative - Grant AgronomyAgricultural chemicals merchant wholesalers20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 182 people in all across the county; Madrid has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailVery high
- Strong windVery high
- DroughtRelatively high
- LightningRelatively high
- Winter weatherRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madrid’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Perkins County.
Madrid home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madrid$212,403
- Nebraska$278,299
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Madrid address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madrid — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.