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 $306,378, lower than the Maryland average of $357,815.
The average cost of rent is $1,449/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 46.57% of residents own their homes outright in Madison, 10.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $5,816 per month. Households that rent pay about 24.91% of their income on rent here. Madison's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Woolford, MD: equally priced homes
- Dailsville, MD: higher priced homes
- Church Creek, MD: less expensive homes
- Taylors Island, MD: equally priced homes
- Cornersville, MD: higher priced homes
- Lloyds, MD: higher priced homes
- Christs Rock, MD: less expensive homes
- Riggins Corner, MD: less expensive homes
- Cambridge, MD: less expensive homes
- Golden Hill, MD: less expensive 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: less expensive homes
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