Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison Lake area can be challenging. Home prices in Madison Lake are now at a median cost of $287,502, higher than the Minnesota average of $269,934.
The average cost of rent is $1,131/mo in Madison Lake, primarily driven by the current value of real estate in the Madison Lake area. While nearly 37.15% of residents own their homes outright in Madison Lake, 27.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Lake is $8,170 per month. Households that rent pay about 13.84% of their income on rent here. Madison Lake's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Marysburg, MN: higher priced homes
- Eagle Lake, MN: less expensive homes
- Smiths Mill, MN: less expensive homes
- Elysian, MN: equally priced homes
- Cleveland, MN: less expensive homes
- Kasota, MN: equally priced homes
- Janesville, MN: less expensive homes
- St. Clair, MN: less expensive homes
- Mankato, MN: less expensive homes
- North Mankato, MN: less expensive homes
Cities with Similar Populations
- Bernice, LA: less expensive homes
- Beverly Hills, TX: less expensive homes
- Bokoshe, OK: less expensive homes
- Buena, NJ: less expensive homes
- Bylas, AZ: less expensive homes
- Caseville, MI: less expensive homes
- Cavalier, ND: less expensive homes
- Center Hill, FL: less expensive homes
- Clintondale, NY: less expensive homes
- Russia, OH: 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