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 $282,317, lower than the Virginia average of $323,261.
The average cost of rent is $999/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 39.98% of residents own their homes outright in Madison, 24.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,835 per month. Households that rent pay about 20.66% of their income on rent here. Madison's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Pratts, VA: equally priced homes
- Shelby, VA: higher priced homes
- Graves Mill, VA: higher priced homes
- Leon, VA: higher priced homes
- Aroda, VA: equally priced homes
- Brightwood, VA: equally priced homes
- Oakpark, VA: equally priced homes
- Rochelle, VA: equally priced homes
- Banco, VA: equally priced homes
- Haywood, VA: equally priced homes
Cities with Similar Populations
- Middleport, OH: less expensive homes
- Ganado, TX: less expensive homes
- Garfield, GA: less expensive homes
- Germantown, NY: equally priced homes
- Gramercy, LA: less expensive homes
- Graterford, PA: higher priced homes
- Hannibal, NY: less expensive homes
- Hatley, WI: less expensive homes
- Holmesville, OH: less expensive homes
- Leo-Cedarville, IN: less expensive homes
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