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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 $259,394, higher than the Mississippi average of $183,008.
The average cost of rent is $767/mo in Madisonville, primarily driven by the current value of real estate in the Madisonville area. In Madisonville, 8.76% of households rent, and 32.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madisonville is $7,772 per month. Households that rent pay about 9.87% of their income on rent here. Madisonville’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sloan, MS: equally priced homes
- Meltonville, MS: higher priced homes
- Canton, MS: less expensive homes
- Stokes, MS: less expensive homes
- Sandhill, MS: equally priced homes
- Madison, MS: higher priced homes
- Charlton, MS: higher priced homes
- Farmhaven, MS: less expensive homes
- Ridgeland, MS: higher priced homes
- Davis, MS: higher priced homes
Cities with Similar Populations
- Palmyra, IL: less expensive homes
- Midland, OH: less expensive homes
- Minooka, AL: less expensive homes
- Moltonville, NC: less expensive homes
- Montague, TX: higher priced homes
- Montfort, WI: equally priced homes
- Mulberry Grove, IL: less expensive homes
- Munsons Corners, NY: less expensive homes
- Myra, WI: higher priced homes
- Newaukum, WA: higher priced homes
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