Incredible development opportunity in the growing community of Madras with North Highway 97 Frontage, highway access with water and sewer mains at the property!! It is part of the Madras Urban Renewal Plan with potential for City development funds for infrastructure costs. Property must be Master Planned and neighboring property owners will be cooperative. Great mixed use development project for hotel, retail, commercial, restaurant, fuel, housing, etc. Now available with offer: Level One Environmental Report, Soils Report, Property Survey & Title Report. Marketing brochure available.
The median home value in Madras, OR is $368,950. This is higher than the county median home value of $219,700. The national median home value is $219,700. The average price of homes sold in Madras, OR is $368,950. Approximately 35.81% of Madras homes are owned, compared to 49% rented, while 15.19% are vacant. Madras real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madras real estate agent to arrange a tour today!
Madras, Oregon has a population of 6,552. Madras is more family-centric than the surrounding county with 29.3% of the households containing married families with children. The county average for households married with children is 22.83%.
The median household income in Madras, Oregon is $35,485. The median household income for the surrounding county is $48,464 compared to the national median of $57,652. The median age of people living in Madras is 33.8 years.
The average high temperature in July is 85.8 degrees, with an average low temperature in January of 25.8 degrees. The average rainfall is approximately 11.6 inches per year, with 15 inches of snow per year.