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 $100,128, lower than the West Virginia average of $138,399.
The average cost of rent is $826/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 68.75% of residents own their homes outright in Madison, 22.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $4,179 per month. Households that rent pay about 19.77% of their income on rent here. Madison's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Danville, WV: less expensive homes
- Foster, WV: less expensive homes
- Powell Creek, WV: less expensive homes
- Uneeda, WV: less expensive homes
- Turtle Creek, WV: higher priced homes
- Jeffrey, WV: equally priced homes
- Ridgeview, WV: less expensive homes
- Williams Mountain, WV: less expensive homes
- Peytona, WV: less expensive homes
- Ottawa, WV: less expensive homes
Cities with Similar Populations
- Annetta, TX: higher priced homes
- Moreland, GA: higher priced homes
- Basile, LA: higher priced homes
- Conklin, NY: equally priced homes
- Courtney, TX: higher priced homes
- Eastover, NC: higher priced homes
- Foxworth, MS: equally priced homes
- Gaston, OR: higher priced homes
- Harrison City, PA: higher priced homes
- Indian Rocks Beach, FL: higher priced homes
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