Affordable
Expensive
Expensive
Colorblind friendly
off
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 $184,632, lower than the Grand Rapids average of $295,462.
The average cost of rent is $951/mo in Madison Area, primarily driven by the current value of real estate in the Madison Area area. In Madison Area, 63.06% of households rent, and 32.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison Area is $5,213 per month. Households that rent pay about 18.24% of their income on rent here. Madison Area’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South East Community, Grand Rapids, MI: higher priced 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: equally 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood