Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison area can be challenging. Home prices in Madison are now at a median cost of $28,663, lower than the Arkansas average of $160,541.
The average cost of rent is $972/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 65.27% of residents own their homes outright in Madison, 47.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $2,740 per month. Households that rent pay about 35.46% of their income on rent here. Madison's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Forrest City, AR: higher priced homes
- Widener, AR: higher priced homes
- Caldwell, AR: higher priced homes
- Haynes, AR: higher priced homes
- Newcastle, AR: higher priced homes
- Hicks Station, AR: higher priced homes
- Meadow Cliff, AR: higher priced homes
- Colt, AR: higher priced homes
- Palestine, AR: higher priced homes
- Slonikers Mill, AR: higher priced homes
Cities with Similar Populations
- Amherst, NE: higher priced homes
- Aquasco, MD: higher priced homes
- Ary, KY: higher priced homes
- Asbury, WV: higher priced homes
- Auburn Junction, IN: higher priced homes
- Pearson, AR: higher priced homes
- Postville, WI: higher priced homes
- Portsville, DE: higher priced homes
- Pope Valley, CA: higher priced homes
- Pomeroy, IA: higher priced homes
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