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 $95,387, lower than the Minnesota average of $269,934.
The average cost of rent is $752/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 58.01% of residents own their homes outright in Madison, 20.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,435 per month. Households that rent pay about 16.96% of their income on rent here. Madison's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Louisburg, MN: higher priced homes
- Dawson, MN: higher priced homes
- Bellingham, MN: less expensive homes
- Marietta, MN: less expensive homes
- Nassau, MN: less expensive homes
- Rosen, MN: less expensive homes
- Revillo, SD: higher priced homes
- Appleton, MN: less expensive homes
- Correll, MN: equally priced homes
- Boyd, MN: higher priced homes
Cities with Similar Populations
- Alviso, CA: higher priced homes
- Athens, MI: higher priced homes
- Barryton, MI: equally priced homes
- Bethel, ME: higher priced homes
- Canterbury, NH: higher priced homes
- Ontonagon, MI: less expensive homes
- Prosperity, WV: higher priced homes
- Preston, TX: higher priced homes
- Pocahontas, IL: higher priced homes
- Pocahontas, IA: equally priced homes
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