Expensive
Affordable
Affordable
Colorblind friendly
off
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 $265,077, lower than the Maryland average of $450,578.
The average cost of rent is $1,259/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 6.31% of households rent, and 61.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $7,113 per month. Households that rent pay about 17.70% 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
- Woolford, MD: higher priced homes
- Dailsville, MD: higher priced homes
- Church Creek, MD: higher priced homes
- Taylors Island, MD: equally priced homes
- Cornersville, MD: higher priced homes
- Lloyds, MD: higher priced homes
- Christs Rock, MD: equally priced homes
- Riggins Corner, MD: equally priced homes
- Cambridge, MD: higher priced homes
- Golden Hill, MD: equally priced homes
Cities with Similar Populations
- Wattenberg, CO: higher priced homes
- Dexter, IN: less expensive homes
- Dixie Inn, LA: less expensive homes
- Dodge, ND: less expensive homes
- Donation, PA: less expensive homes
- Drift, KY: less expensive homes
- Dunlapsville, IN: less expensive homes
- Durbin, WV: less expensive homes
- Wadsworth, NY: less expensive homes
- Walnut Grove, PA: equally priced homes
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