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 $216,598, lower than the Tennessee average of $218,916.
The average cost of rent is $1,021/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 34.27% of residents own their homes outright in Madison, 56.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,053 per month. Households that rent pay about 25.19% of their income on rent here. Madison's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Lakewood, TN: higher priced homes
- Goodlettsville, TN: higher priced homes
- Old Hickory, TN: higher priced homes
- Whites Creek, TN: higher priced homes
- Hendersonville, TN: higher priced homes
- Hermitage, TN: higher priced homes
- Green Hill, TN: higher priced homes
- Millersville, TN: equally priced homes
- Nashville, TN: higher priced homes
- Berry Hill, TN: higher priced homes
Cities with Similar Populations
- Shelton, CT: higher priced homes
- Hope Mills, NC: less expensive homes
- Howell, NJ: higher priced homes
- Keizer, OR: higher priced homes
- Kingman, AZ: less expensive homes
- La Porte, IN: less expensive homes
- La Vergne, TN: equally priced homes
- Ladson, SC: equally priced homes
- Adelanto, CA: equally priced homes
- Monroe, GA: equally priced homes
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