Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison Area area can be challenging. Home prices in Madison Area are now at a median cost of $116,153, lower than the Grand Rapids average of $221,016.
The average cost of rent is $1,007/mo in Madison Area, primarily driven by the current value of real estate in the Madison Area area. While nearly 54.41% of residents own their homes outright in Madison Area, 57.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Area is $3,403 per month. Households that rent pay about 29.58% of their income on rent here. Madison Area's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- South East Community, Grand Rapids, MI: less expensive homes
- Fuller Avenue, Grand Rapids, MI: higher priced homes
- East Hills, Grand Rapids, MI: higher priced homes
- Heritage Hill, Grand Rapids, MI: higher priced homes
- Garfield Park, Grand Rapids, MI: equally priced homes
- South East End, Grand Rapids, MI: higher priced homes
- Eastown, Grand Rapids, MI: higher priced homes
- Roosevelt Park, Grand Rapids, MI: less expensive homes
- Heartside-Downtown, Grand Rapids, MI: higher priced homes
- Alger Heights, Grand Rapids, MI: higher priced homes
Neighborhoods with Similar Populations
- Colonial Heights, Mobile, AL: less expensive homes
- Glendale, Madison, WI: higher priced homes
- Croissant Park, Fort Lauderdale, FL: higher priced homes
- Navco, Mobile, AL: less expensive homes
- Jacoby Creek, Arcata, CA: higher priced homes
- Historic District, Natchitoches, LA: higher priced homes
- Heart of the Westside, Springfield, MO: less expensive homes
- Downtown Bryan, Bryan, TX: less expensive homes
- Cypress Run, Coral Springs, FL: higher priced homes
- Fox Farm, Great Falls, MT: higher priced homes
All Local Stats
Home Services
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