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1,110 listings found within of Panora, Iowa
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Welcome to Madrid, IA

The town of Madrid is located near the center of Iowa, approximately 25 miles northwest of Des Moines, and 20 miles southwest of Ames. It was first settled in 1846 by Swedish immigrants, who originally named their town Swede Point, but later changed it to Madrid (pronounced MA-drid) upon the town’s incorporation in 1883. In its early years, the settlement prospered as a farming community, and the local sawmill owned and operated by generations of the Dalander family supplied lumber to a radius of 50 miles. At the turn of the century, coal was discovered in the area and coal mining became Madrid’s primary mainstay. The industry, which thrived between 1906 and 1940, further diversified Madrid’s community by drawing in new residents from all over the world, including immigrants from Sweden, Norway, Italy, Croatia, England and Wales.

Today Madrid, IA has a population of nearly 3,000 people, and is a desirable community for those looking for a little relief from the busy urban atmosphere of nearby Des Moines. Most of Madrid industry is service-oriented, but there are more diverse industries found in Des Moines, Ames, Boone, Ankeny, and Perry; residents of Madrid who are employed in these areas can enjoy a short, easy commute to and from their jobs. The quiet rural atmosphere of Madrid is a great environment in which to raise a family. There are a variety of golf courses, parks and recreation areas in and around Madrid, including Swede Point Park and Edgewood Park, which has softball and soccer fields, a tennis court and a disc golf course. Madrid also boasts an above-average school system, with excellent programs in academics, fine arts and athletics.

One of the most appealing aspects of Madrid, IA, is the affordability of housing; Madrid offers a 5-year tax abatement for new homes in Madrid, as well as additions. For this reason, real estate in Madrid, IA is accessible to people from all walks of life, whether you are a first time homebuyer or a seasoned investor. New developments such as Maple Ridge and Swede Point have lots available for custom homebuilding in Madrid, as well as pre-constructed townhouses and single family homes. Outside of these communities, there is a wide selection of resale homes in Madrid, including rural and urban-esque properties. The friendly community of Madrid welcomes you to come, settle in, and be a part of their comfortable, easy going town. With an expert team of real estate agents, it is easier than ever to find your quiet, suburban dream home in Madrid, IA.

© 2008 Reliance Relocation Services, Inc. All Rights Reserved.

Contributed by:
Previous quarter's home sale average by city. Click city to view homes for sale.

Total
Sold

Median
Price

Average
Price

Panora, IA6$210,000$196,333
home sale data for other nearby cities
Adel, IA10$107,118$152,761
Casey, IA1$215,000$215,000
Clive, IA34$185,500$205,727
Dallas Center, IA3$112,000$116,167
De Soto, IA4$141,250$146,602
Dexter, IA4$88,500$105,810
Earlham, IA6$133,500$131,150
Fontanelle, IA1$72,500$72,500
Granger, IA6$225,000$225,325
Greenfield, IA5$60,000$66,100
Grimes, IA56$170,500$161,444
Guthrie Center, IA3$149,119$154,182
Jefferson, IA6$97,500$102,333
Lake Panorama, IA6$210,000$196,333
Macksburg, IA1$42,000$42,000
Madrid, IA8$105,000$120,995
Minburn, IA1$50,193$50,193
Ogden, IA6$50,963$63,793
Perry, IA9$74,582$86,305
Stuart, IA8$94,000$92,000
Urbandale, IA96$176,406$185,279
Waukee, IA39$143,550$136,648
West Des Moines, IA142$155,950$185,292
Winterset, IA22$86,750$109,523
Woodward, IA1$100,000$100,000
Show Statistics for:

Population

Total Population1,131
Population Density628 Persons/Sq. Mile
Female Population574
Male Population557
Population Change since 1990↑ 8% Increase
Population Change since 2000↓ 4% Decrease

Colleges

Nearest 2-Year Public CollegeVatterott College
Distance36 miles
Nearest 4-Year Public CollegeDrake University
Distance37 miles

Households and Income

Total Number of Households526
Family Households333
Average Family Size2.62
Average Household Income$44,292
Median Household Income$43,749
Income Change since 1990↑ 4374800% Increase
Income Change since 2000↑ 28% Increase

Crime Rates Compared to National Average

The National Average is designated 1.0 - A value of 2.0 represents twice as much risk while a value of 0.5 represents half as much risk.
Total Crime Risk0.18
Crime Risk (County)0.07
Personal Crime Risk (County)0.07
Murder Crime Risk (County)0.10
Rape Crime Risk (County)0.03
Robbery Crime Risk (County)0.06
Assault Crime Risk (County)0.33
Property Crime Risk (County)0.37
Burglary Crime Risk (County)0.28
Larceny Crime Risk (County)0.19
Motor Vehicle Theft Risk (County)0.46

Climate

Average July High Temperature86.5 °F
Average January Low Temperature8.1 °F
Annual Precipitation34.7 inches
Air Pollution Index93% of National Average

Miscellaneous

Sales Tax Rate7.00%
Nearest AirportDes Moines International
Distance38 miles
Nearest Major Sports TeamIowa Cubs (aaa)
Distance39 miles
Show Schools in:
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Grade Levels:
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Grades: K - 12

Panorama Junior Senior High School701 W Main Street

Grades: K - 6

Panorama Elementary School401 Panther Dr
Show Local Businesses in:

BANKS

Guthrie County State Bank505 E Main St
Panora State Bank120 W Main St

GOLF

Lake Panorama Golf Course5071 Clover Ridge Rd

LIBRARIES - PUBLIC

Panora Public Library102 N 1st St

PLACE OF WORSHIP

Catholic Church St Cecilia220 N 1st St
Church Of The Brethren2946 200th Rd
First Christian Church102 E Church St
Fountain Of Life Church2322 Wagon Rd
Lighthouse Assembly Of God400 Se 3rd
Panora United Methodist Church119 E Main St
St Thomas Lutheran Church2106 Highway 4
United Methodist Church119 W Main

POST OFFICES

Us Post Office117 E Church St

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