The Most Affordable Neighborhoods in Madison South, Portland, OR by Home Value

 

Madison South, Portland, OR Map of Most Affordable Neighborhoods
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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 $400,779, lower than the Portland average of $436,940.

The average cost of rent is $1,466/mo in Madison South, primarily driven by the current value of real estate in the Madison South area. While nearly 25.52% of residents own their homes outright in Madison South, 41.70% rent.

Housing affordability isn’t just about home prices, though. The average household income in Madison South is $6,126 per month. Households that rent pay about 23.94% of their income on rent here. Madison South's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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