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 $96,243, lower than the Maine average of $243,042.
The average cost of rent is $991/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 45.65% of residents own their homes outright in Madison, 27.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $3,641 per month. Households that rent pay about 27.22% of their income on rent here. Madison's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Anson, ME: higher priced homes
- North Anson, ME: higher priced homes
- Norridgewock, ME: higher priced homes
- Rome, ME: higher priced homes
- Skowhegan, ME: higher priced homes
- Starks, ME: higher priced homes
- East Madison, ME: higher priced homes
- Solon, ME: higher priced homes
- Larone, ME: higher priced homes
- West Mills, ME: higher priced homes
Cities with Similar Populations
- Montauk, NY: higher priced homes
- Goliad, TX: higher priced homes
- Rogers City, MI: higher priced homes
- Awendaw, SC: higher priced homes
- Irrigon, OR: higher priced homes
- El Granada, CA: higher priced homes
- Cross, SC: higher priced homes
- Staatsburg, NY: higher priced homes
- Trent Woods, NC: higher priced homes
- St. Bernard, OH: higher priced homes
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