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 $169,017, lower than the South Dakota average of $199,518.
The average cost of rent is $721/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 43.48% of residents own their homes outright in Madison, 34.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $5,389 per month. Households that rent pay about 13.38% of their income on rent here. Madison's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Prairie Village, SD: higher priced homes
- Junius, SD: higher priced homes
- Wentworth, SD: higher priced homes
- Smiths Park, SD: higher priced homes
- Ramona, SD: less expensive homes
- Orland, SD: higher priced homes
- Franklin, SD: higher priced homes
- Brant Lake, SD: higher priced homes
- Rutland, SD: higher priced homes
- Chester, SD: higher priced homes
Cities with Similar Populations
- Claxton, GA: less expensive homes
- Coldwater, MS: less expensive homes
- Cold Spring, MN: higher priced homes
- Wilton, CA: higher priced homes
- Cocoa West, FL: less expensive homes
- Coats, NC: less expensive homes
- Coal Township, PA: less expensive homes
- Clyde, TX: less expensive homes
- Closter, NJ: higher priced homes
- Clintonville, WI: less expensive homes
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