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 $93,330, lower than the New York average of $481,023.
The average cost of rent is $684/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 69.75% of residents own their homes outright in Madison, 22.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $5,411 per month. Households that rent pay about 12.64% of their income on rent here. Madison's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Bouckville, NY: higher priced homes
- Oriskany Falls, NY: equally priced homes
- Pratts Hollow, NY: higher priced homes
- Pine Woods, NY: higher priced homes
- Stockwell, NY: higher priced homes
- Hamilton, NY: higher priced homes
- Knoxboro, NY: higher priced homes
- Munnsville, NY: higher priced homes
- Forge Hollow, NY: higher priced homes
- Hubbardsville, NY: higher priced homes
Cities with Similar Populations
- Hyde, PA: higher priced homes
- Oyster Creek, TX: higher priced homes
- Luna Pier, MI: higher priced homes
- Ludlow Falls, OH: higher priced homes
- Lexa, AR: less expensive homes
- Letart, WV: higher priced homes
- La Grange, MO: higher priced homes
- Knights Landing, CA: higher priced homes
- Kindred, ND: higher priced homes
- Kimbrell, AL: higher priced homes
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