The Most Affordable Neighborhoods in Madisonville, MO by Home Value

 

Madisonville, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Madisonville area can be challenging. Home prices in Madisonville are now at a median cost of $119,155, lower than the Missouri average of $194,908.

The average cost of rent is $645/mo in Madisonville, primarily driven by the current value of real estate in the Madisonville area. While nearly 57.16% of residents own their homes outright in Madisonville, 6.97% rent.

Housing affordability isn’t just about home prices, though. The average household income in Madisonville is $6,324 per month. Households that rent pay about 10.19% of their income on rent here. Madisonville's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.


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