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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 $405,466, lower than the New Hampshire average of $417,591.
The average cost of rent is $1,546/mo in Madison, primarily driven by the current value of real estate in the Madison area. In Madison, 6.95% of households rent, and 36.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $8,159 per month. Households that rent pay about 18.95% of their income on rent here. Madison’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eaton Center, NH: less expensive homes
- Silver Lake, NH: equally priced homes
- Conway, NH: less expensive homes
- Chocorua, NH: equally priced homes
- Redstone, NH: less expensive homes
- Center Conway, NH: less expensive homes
- South Conway, NH: less expensive homes
- West Ossipee, NH: equally priced homes
- Tamworth, NH: less expensive homes
- Wonalancet, NH: equally priced homes
Cities with Similar Populations
- Kopperl, TX: less expensive homes
- Pennsylvania Furnace, PA: less expensive homes
- Olympic Valley, CA: higher priced homes
- Mountain City, TX: equally priced homes
- Mount Vernon, AR: less expensive homes
- Morrill, ME: less expensive homes
- Mammoth, AZ: less expensive homes
- Lloyd, FL: less expensive homes
- Linwood, MA: equally priced homes
- Lindley, NY: less expensive homes
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