Madison, IN housing market
The typical Madison home is worth about $248,000, up 4.8% in a year, close to the Indiana typical home.
Home values, sales, trends and how Madison compares with the towns next door — updated as new data is published.
Madison at a glance
Typical home value, 2016–2026
Show as a table
| January | Madison | Indiana |
|---|---|---|
| 2017 | $124,000 | $135,000 |
| 2018 | $133,000 | $144,000 |
| 2019 | $140,000 | $154,000 |
| 2020 | $149,000 | $164,000 |
| 2021 | $163,000 | $183,000 |
| 2022 | $185,000 | $209,000 |
| 2023 | $203,000 | $227,000 |
| 2024 | $214,000 | $237,000 |
| 2025 | $230,000 | $249,000 |
| 2026 | $243,000 | $256,000 |
| August 2026 | $248,000 | $260,000 |
Madison and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Madison | $248K | +4.8% | $960 | — | $61,237 |
| Madison | — | +5.4%† | $960 | 19 | $61,183 |
| Monroe | — | +5.4%† | $960 | — | $46,646 |
| Milton | — | +5%† | $960 | — | $98,672 |
| Hanover | $226K | +5.8% | $1,090 | — | $66,019 |
| Smyrna | — | +5.4%† | $960 | — | $71,250 |
| Shelby | — | +5.4%† | $960 | — | $57,500 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Madison home costs about 4 years of the town's median household income, more than across Indiana (3.6 years).
How Madison ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Madison is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Madison pay a median of $870, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $660 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47250; Jefferson County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Madison
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.