A typical Madison home is worth roughly $227,000
What kind of housing town is Madison?
Read from the numbers below. The page puts what stands out first.
87% of Madison households own their home
Half of Madison’s homes were built before 1995.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 2.4 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Madison home, with $135K to spare.
A two-bedroom rents for about $1,090 a month here, $290 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Madison’s typical property tax (0.98% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,090
Renters already here pay a median of $1,060.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Washington County, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Madison vs. its neighbors
Madison is the priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Madison | $227K* | — | $1,090 | $94,154 |
| Stampers Creek | $116K* | −7.4%† | $1,010 | $51,250 |
| Howard | $218K* | +5.5%† | $980 | $95,938 |
| Posey | $203K* | — | $1,120 | $43,100 |
| Hardinsburg | $216K | +3.9% | $1,190 | $36,042 |
| Vernon | $192K* | — | $1,020 | $78,229 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Madison buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. 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. The calculator is an estimate, not a loan offer.