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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 $411,113, lower than the California average of $812,006.
The average cost of rent is $1,440/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 14.84% of households rent, and 65.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $6,819 per month. Households that rent pay about 21.11% of their income on rent here. Madison’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Esparto, CA: higher priced homes
- Yolo, CA: higher priced homes
- Zamora, CA: higher priced homes
- Woodland, CA: higher priced homes
- Winters, CA: higher priced homes
- Capay, CA: higher priced homes
- Brooks, CA: higher priced homes
- Davis, CA: higher priced homes
- Dunnigan, CA: higher priced homes
- Knights Landing, CA: equally priced homes
Cities with Similar Populations
- Andover, IL: less expensive homes
- Apolonia, TX: equally priced homes
- Ariel, WA: equally priced homes
- Nineveh, NY: less expensive homes
- Pitman, PA: less expensive homes
- Pitchin, OH: less expensive homes
- Philbrook, MN: less expensive homes
- Pecan Acres, TX: higher priced homes
- Old Bethel, AL: less expensive homes
- Oconee, GA: less expensive homes
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