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New Madrid

New Madrid

Located in New Madrid County

$146,551 Average Value
$92 Average Price per Sq Ft
4 Homes For Sale

New Madrid has endured as a river town for nearly 250 years

New Madrid is one of the oldest cities on the Mississippi River, founded in 1780 as a Spanish trading post. Known as the “Father of Rivers,” the Mississippi offers both boating and employment – the New Madrid Power Plant generates hundreds of jobs as well as the city’s electricity. “They’ve lost their large aluminum plant in the last few years, but New Madrid does have other employers like rice mills, grain elevators and a few power plants that are coming on board,” says Don Lancaster, owner of Heartland Town & Country Real Estate. “It also offers a large school system and Interstate access to the north and south.” Over the centuries, New Madrid has contended with earthquakes, floods and industrial decline, but nearly 2,800 people still call the riverside city home. A small downtown area tells the story of New Madrid’s historical ebbs and flows.

A small retail scene includes diverse restaurants

“Downtown has some historic buildings, including a large courthouse, which we think is historic because of its size and shape,” Lancaster says. “We also have a large museum – we’re noted for the 1811 earthquake.” While many vintage storefronts have become vacant, dining options are still diverse. M&M Deli specializes in brunch foods, including breakfast sandwiches and burgers. Along Route 62, El Bracero Mexican Restaurant serves Mexican classics like fajitas and chimichangas in a colorfully painted setting. Pro Pizza 2 offers the traditional sit-down pizzeria experience while also having a section for arcade games. Grocery options include Dollar General, Family Dollar and Price Cutter.

Ranch-style homes sell for competitive prices

New Madrid’s streetscapes are full of ranch-style homes, sidewalks and rows of trees. Single-story properties from the 1960s to the 1980s sell from $70,000 to $150,000, while a few built from the 1990s to the 2000s go for $190,000 to $320,000. New Madrid’s median sale price of $89,137 makes it less expensive than other Missouri Bootheel communities like Kennett, where the median is $115,000.

New Madrid offers both riverfront and inland recreation

The Mississippi River Walk spans New Madrid’s waterfront, offering sweeping views of the Kentucky Bend, the Madrid Bar island and occasional river traffic. A cannon emplacement serves as a reminder of New Madrid’s strategic importance during the Civil War. The River Walk boat launch is the starting point for many outdoor adventures. “I’ve been to the river walk several times – I’d fish and hunt there,” Lancaster says. The New Madrid Dam Fishing Area, located on St. John’s Bayou, offers calmer waters for angling. Hunter Field hosts the occasional minor league baseball game. Close to downtown, the New Madrid Skate Park includes space for skateboarding, basketball and playground sessions. The New Madrid Country Club offers a nine-hole course in addition to a swimming pool and clubhouse.

New Madrid's high school offers several leadership programs

Students can start at New Madrid Elementary School before attending Central Middle School and Central High School, all of which receive C ratings from Niche. Central High offers extracurriculars like Future Business Leaders of America, Future Farmers of America and SkillsUSA, each of which offer service projects and career development opportunities.

The Interstate highway links New Madrid with larger cities

Interstate 55 connects New Madrid with regional shopping hubs like Sikeston, 20 miles away. The bigger Cape Girardeau is 50 miles away. New Madrid Medical Center serves as the local hospital.

Jacob Adelhoch
Written By
Jacob Adelhoch

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

New Madrid Housing Trends

Housing Trends

Median List Price
$130,000
Median Sale Price
$120,000
Median Single Family Sale Price
$114,137
Median Change From 1st List Price
8%
Last 12 months Home Sales
13
Median Home Sale Price YoY Change
33%
Average Price Per Sq Ft
$92

Area Facts

Number of Homes in Neighborhood
44
Number of Homes for Sale
4
Median Year Built
1975
Months of Supply
3.70
Average Single Family Home Size Sq Ft
1,608
Below the national average
1,925
Median Lot Size Sq Ft
15,681

Open Houses

  • Saturday, Oct 4
    Open Sat 11AM - 1PM

    22 Greenbriar Dr, New Madrid, MO 63869

    $325,000

    • 5 Beds
    • 3.5 Baths
    • 4,392 Sq Ft
    • 22 Greenbriar Dr

    BRAND NEW ROOF AND HVAC!!!!Welcome to your dream home—where rustic elegance meets comfort. Situated on a generous, beautifully landscaped lot in one of the area’s most sought-after neighborhoods, this spacious residence offers the perfect blend of privacy, character, and convenience.From the moment you step inside, you'll be captivated by the warm wood finishes, exposed beams, and

    Lawren McMullan Edge Realty

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Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

New Madrid Has More Owners

Demographics

Total Population
2,744
Median Age
42
Population under 18
26%
On par with the national average
23.8%
Population over 65
22.4%
On par with the national average
19.1%

Finances

Median Household Income
$34,774
Significantly below the national average
$71,702
Average Household Income
$49,934

Education and Workforce

High School Graduates
90.5%
College Graduates
18.2%
Below the national average
34.1%
Advanced Degrees
7.4%
% Population in Labor Force
52.1%
Below the national average
65.1%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
91°F
Annual Snowfall
1''

Area Factors

Somewhat Bikeable

Bike Score®®

21 / 100

Car-Dependent

Walk Score®®

13 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Madrid
Lucas Edington
Mossy Oak Properties Mozark Re
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