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 $458,018, higher than the Connecticut average of $357,181.
The average cost of rent is $1,941/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 32.92% of residents own their homes outright in Madison, 9.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $11,540 per month. Households that rent pay about 16.82% of their income on rent here. Madison's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Guilford, CT: equally priced homes
- Seaview Beach, CT: equally priced homes
- Killingworth, CT: less expensive homes
- Clinton, CT: less expensive homes
- Stony Creek, CT: equally priced homes
- North Guilford, CT: less expensive homes
- Winthrop, CT: less expensive homes
- Little City, CT: less expensive homes
- North Branford, CT: less expensive homes
- Westbrook, CT: equally priced homes
Cities with Similar Populations
- Wade Hampton, SC: less expensive homes
- East Rancho Dominguez, CA: less expensive homes
- Eastchester, NY: higher priced homes
- Elkins Park, PA: less expensive homes
- Willimantic, CT: less expensive homes
- Waterville, ME: less expensive homes
- Warwick, NY: less expensive homes
- Walterboro, SC: less expensive homes
- Walnut Grove, WA: less expensive homes
- Wallingford Center, CT: less expensive homes
All Local Stats
Home Services
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