Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Madison South area can be challenging. Home prices in Madison South are now at a median cost of $534,160, lower than the Portland average of $550,902.
The average cost of rent is $1,722/mo in Madison South, primarily driven by the current value of real estate in the Madison South area. In Madison South, 40.82% of households rent, and 15.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison South is $8,467 per month. Households that rent pay about 20.34% of their income on rent here. Madison South’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Roseway, Portland, OR: higher priced homes
- Montavilla, Portland, OR: less expensive homes
- Parkrose, Portland, OR: less expensive homes
- Cully, Portland, OR: equally priced homes
- Center, Portland, OR: higher priced homes
- Mount Tabor, Portland, OR: higher priced homes
- Hazelwood-Mill Park, Portland, OR: less expensive homes
- Argay, Portland, OR: less expensive homes
- South Tabor, Portland, OR: equally priced homes
- Mill Park, Portland, OR: less expensive homes
Neighborhoods with Similar Populations
- Bay Colony, League City, TX: less expensive homes
- Crawford, Ames, IA: less expensive homes
- Brookland, Washington, DC: higher priced homes
- Corbett, Tucson, AZ: less expensive homes
- Buffalo Charles, Detroit, MI: less expensive homes
- Cal-Gisler, Oxnard, CA: higher priced homes
- Oak Park, Overland Park, KS: less expensive homes
- North Springfield, Springfield, VA: higher priced homes
- Oakland Ave-Harrison Street, Oakland, CA: higher priced homes
- Outer Comstock, Syracuse, NY: less expensive homes
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