Cheap Homes in Fort Madison, IA

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6 View this home at Avenue D Fort Madison IA 52627
$49,900 List Price

3 Bed | 2 Bath | 1,868 Sq. Ft.

View this home at Avenue N Fort Madison IA 52627
$32,869 EMV

2 Bed | 1 Bath | 1,122 Sq. Ft.

View this home at 3rd St Fort Madison IA 52627
$28,512 EMV

2 Bed | 1 Bath | 576 Sq. Ft.

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Home Value Estimator For Fort Madison, IA

There are currently 453 real estate properties in Fort Madison, IA, with a median automated valuation model (AVM) price of $114,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fort Madison, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fort Madison, IA, is $151,064.00, with the most expensive house in Fort Madison, IA, topping out at $3,046,300.00 and the cheapest home in Fort Madison, IA, clocking in at $21,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Fort Madison, IA!

Rent Prices In Fort Madison, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fort Madison, IA, is on a rollercoaster ride. The average rent price in Fort Madison, IA, is $1,102.00. Indeed, when looking to rent in Fort Madison, IA, you can expect to pay as little as $620.00 or as much as $1,760.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Fort Madison, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Fort Madison, IA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Fort Madison, IA area at Get information on foreclosure homes for rent, how to buy foreclosures in Fort Madison, IA and much more. Save thousands at closing with home foreclosure listings in Fort Madison, IA — up to 75% off market value!

Top Reasons To Live In Fort Madison, IA In 2023

Fort Madison is located in Lee, Iowa, with an estimated municipal population of 10,321 residents. All of the best foreclosed homes for sale in Fort Madison are located in the following zip code areas on 52627. The estimated population per square kilometer (.62 miles) in Fort Madison is 412.

Cost Of Living In Fort Madison, IA

So, about how much do homes cost in Fort Madison? The most recent median value of resident-owned homes in Fort Madison is 81,767. An estimated 72.9 percent of households in Fort Madison own their homes, with an average family size of 2.85. The median household income in Fort Madison is 42,694, with11.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fort Madison, the median commute time of resident workers (in minutes) is 18.1. And last, but certainly not least, are you looking for homes to rent in Fort Madison? If so, the average rent price paid by renters in Fort Madison is 709, according to recent statistics.

Diversity And Demographics In Fort Madison, Iowa

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fort Madison, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fort Madison is 42.5, split between 51.6 percent male versus 48.4 female. The percentage of residents who report being married in Fort Madison is 47.7, with an average family size of 2.85.

The percentage of residents who report their race in Fort Madison is as follows:

White 93.7%
Black / African American 3.6%
Asian 0%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Fort Madison? Or maybe you are searching for 55+ active adult communities in and/or near Fort Madison?

The percentage of residents who report their age in Fort Madison is as follows:

Under 10 11%
Aged 10-19 10.9%
20s 13.3%
30s 11.9%
40s 12.8%
50s 14.1%
60s 13%
70s 7.9%
80+ 5.1%

Best Schools In Fort Madison, Iowa

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fort Madison with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fort Madison.

Pros And Cons Of Living In Fort Madison, Iowa

How do you know that living in -- or moving to -- Fort Madison is right where you need to be? Perhaps you grew up in Fort Madison or already live nearby; therefore, the decision to buy a home in Fort Madison is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fort Madison for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fort Madison:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fort Madison.

Reasons To Move To Fort Madison, Iowa, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fort Madison can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fort Madison, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Fort Madison, IA


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