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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 $948,413, higher than the New Jersey average of $496,577.
The average cost of rent is $869/mo in Madisonville, primarily driven by the current value of real estate in the Madisonville area. In Madisonville, 29.24% of households rent, and 32.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madisonville is $13,565 per month. Households that rent pay about 6.41% of their income on rent here. Madisonville’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Vernon, NJ: higher priced homes
- Bernardsville, NJ: equally priced homes
- Millington, NJ: less expensive homes
- Stirling, NJ: less expensive homes
- Gillette, NJ: less expensive homes
- Basking Ridge, NJ: less expensive homes
- Green Village, NJ: higher priced homes
- Bernards, NJ: less expensive homes
- Morristown, NJ: less expensive homes
- Berkeley Heights, NJ: less expensive homes
Cities with Similar Populations
- Topmost, KY: less expensive homes
- Balsora, TX: less expensive homes
- Barnhill, IL: less expensive homes
- Barwick, GA: less expensive homes
- Bayboro, SC: less expensive homes
- Beaverville, IL: less expensive homes
- Bellemont, NC: less expensive homes
- Cocked Hat, DE: less expensive homes
- Tonalea, UT: less expensive homes
- Almyra, AR: less expensive homes
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