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 $115,212, lower than the Nebraska average of $188,542.
The average cost of rent is $783/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 59.35% of residents own their homes outright in Madison, 24.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,642 per month. Households that rent pay about 16.87% of their income on rent here. Madison's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Creston, NE: higher priced homes
- Humphrey, NE: higher priced homes
- St. Bernard, NE: higher priced homes
- Cornlea, NE: higher priced homes
- Battle Creek, NE: higher priced homes
- Leigh, NE: equally priced homes
- Norfolk, NE: higher priced homes
- Stanton, NE: higher priced homes
- Tarnov, NE: higher priced homes
- Lindsay, NE: higher priced homes
Cities with Similar Populations
- Bel-Ridge, MO: less expensive homes
- Bloomsdale, MO: higher priced homes
- Council Grove, KS: equally priced homes
- Crimora, VA: higher priced homes
- Danville, OH: higher priced homes
- Johnsonburg, PA: less expensive homes
- Naples, TX: less expensive homes
- White Castle, LA: higher priced homes
- Panhandle, TX: equally priced homes
- Pitkin, LA: less expensive homes
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