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These days, finding an affordable place to live in the North Madison area can be challenging. Home prices in North Madison are now at a median cost of $244,701, higher than the Indiana average of $232,932.
The average cost of rent is $611/mo in North Madison, primarily driven by the current value of real estate in the North Madison area. In North Madison, 38.92% of households rent, and 30.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Madison is $6,426 per month. Households that rent pay about 9.51% of their income on rent here. North Madison’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Madison, IN: less expensive homes
- Milton, KY: less expensive homes
- Smyrna, IN: equally priced homes
- Hanover, IN: less expensive homes
- Volga, IN: equally priced homes
- Saluda, IN: less expensive homes
- Manville, IN: less expensive homes
- Kent, IN: less expensive homes
- China, IN: less expensive homes
- Brooksburg, IN: less expensive homes
Cities with Similar Populations
- Avon, MT: higher priced homes
- Unionport, OH: less expensive homes
- Union Mills, IA: less expensive homes
- Underhill, WI: less expensive homes
- Brown, OK: less expensive homes
- Udell, IA: less expensive homes
- Blackford, KY: less expensive homes
- Brockroad, VA: higher priced homes
- Beachville, NY: less expensive homes
- Bates, ID: higher priced homes
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