Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madras area can be challenging. Home prices in Madras are now at a median cost of $249,796, lower than the Oregon average of $365,363.
The average cost of rent is $848/mo in Madras, primarily driven by the current value of real estate in the Madras area. While nearly 31.57% of residents own their homes outright in Madras, 42.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madras is $5,059 per month. Households that rent pay about 16.77% of their income on rent here. Madras's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Metolius, OR: equally priced homes
- Culver, OR: equally priced homes
- Warm Springs, OR: less expensive homes
- South Junction, OR: higher priced homes
- Willowdale, OR: higher priced homes
- Terrebonne, OR: higher priced homes
- Ashwood, OR: higher priced homes
- Grizzly, OR: higher priced homes
- Simnasho, OR: higher priced homes
- Redmond, OR: higher priced homes
Cities with Similar Populations
- Troutman, NC: equally priced homes
- Dowagiac, MI: less expensive homes
- Dudley, MA: higher priced homes
- Dunlap, IL: higher priced homes
- Duson, LA: less expensive homes
- Duvall, WA: higher priced homes
- Elizabeth, CO: higher priced homes
- Ellisville, MS: less expensive homes
- Tamalpais-Homestead Valley, CA: higher priced homes
- Temple Hills, MD: equally priced homes
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