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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 $109,246, lower than the Florida average of $396,783.
The average cost of rent is $857/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 37.22% of households rent, and 55.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $3,179 per month. Households that rent pay about 26.95% 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
- Hopewell, FL: less expensive homes
- Hanson, FL: higher priced homes
- Lee, FL: equally priced homes
- Pinetta, FL: higher priced homes
- Lovett, FL: higher priced homes
- Greenville, FL: higher priced homes
- Ellaville, FL: higher priced homes
- Sirmans, FL: less expensive homes
- Jennings, FL: less expensive homes
- Falmouth, FL: higher priced homes
Cities with Similar Populations
- Elsa, TX: less expensive homes
- Twin Lake, MI: higher priced homes
- Tunnel Hill, GA: higher priced homes
- Tunkhannock, PA: higher priced homes
- Tuba City, AZ: less expensive homes
- Trumann, AR: higher priced homes
- Trenton, GA: higher priced homes
- Thousand Palms, CA: higher priced homes
- Tecumseh, OK: higher priced homes
- Stratmoor, CO: higher priced homes
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