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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 $179,343, lower than the North Carolina average of $323,314.
The average cost of rent is $715/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 20.48% of households rent, and 44.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $5,141 per month. Households that rent pay about 13.90% of their income on rent here. Madison’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mayodan, NC: less expensive homes
- Pine Hall, NC: higher priced homes
- Ellisboro, NC: higher priced homes
- Lawsonville, NC: less expensive homes
- Stoneville, NC: less expensive homes
- Stokesdale, NC: higher priced homes
- Sandy Ridge, NC: less expensive homes
- Walnut Cove, NC: equally priced homes
- Hartman, NC: equally priced 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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