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 $122,681, lower than the North Carolina average of $226,477.
The average cost of rent is $704/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 46.09% of residents own their homes outright in Madison, 18.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,102 per month. Households that rent pay about 17.17% of their income on rent here. Madison's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Mayodan, NC: less expensive homes
- Pine Hall, NC: higher priced homes
- Ellisboro, NC: higher priced homes
- Lawsonville, NC: equally priced homes
- Stoneville, NC: equally priced homes
- Stokesdale, NC: higher priced homes
- Sandy Ridge, NC: less expensive homes
- Walnut Cove, NC: equally priced homes
- Hartman, NC: less expensive homes
- Summerfield, NC: higher priced homes
Cities with Similar Populations
- Dunlap, TN: higher priced homes
- Edcouch, TX: less expensive homes
- East Troy, WI: higher priced homes
- East Rutherford, NJ: higher priced homes
- East Rochester, NY: higher priced homes
- East Greenbush, NY: higher priced homes
- East Grand Forks, MN: higher priced homes
- East Franklin, NJ: higher priced homes
- Earlimart, CA: higher priced homes
- Dupont, WA: higher priced homes
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