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Affordable
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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 $70,751, lower than the Kansas average of $243,949.
The average cost of rent is $645/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 23.57% of households rent, and 63.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,833 per month. Households that rent pay about 13.35% of their income on rent here. Madison’s most expensive areas are in the northwestern 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
- Olpe, KS: higher priced homes
- Thrall, KS: higher priced homes
- Jacobs Creek Landing, KS: higher priced homes
- Hartford, KS: higher priced homes
- Gridley, KS: higher priced homes
- Burlington, KS: higher priced homes
- New Strawn, KS: higher priced homes
- Matfield Green, KS: higher priced homes
- Le Roy, KS: higher priced homes
- Sharpe, KS: higher priced homes
Cities with Similar Populations
- Alden, IA: higher priced homes
- Wellsburg, IA: higher priced homes
- West Burke, VT: higher priced homes
- Whitney, ID: higher priced homes
- Willow City, TX: higher priced homes
- Willshire, OH: higher priced homes
- Bronte, TX: higher priced homes
- Alabama, NY: higher priced homes
- Boston, KY: higher priced homes
- Bolton, NC: higher priced homes
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