A typical Madelia home is worth roughly $165,000
Builders were permitted 8 new homes in 2025.
What kind of housing town is Madelia?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.2 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Madelia home, with $130K to spare.
A two-bedroom rents for about $1,060 a month here, $50 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Madelia’s typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
79% of Madelia households own their home
Half of Madelia’s homes were built before 1953.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $1,060
Renters already here pay a median of $833, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mankato, MN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
8 new homes permitted in 2025
Builders were permitted 8 new homes in Madelia in 2025: 2 single-family houses and 6 in buildings with two or more homes, worth about $2 million to build. That's 3.4 per 1,000 residents, about the pace of Minnesota as a whole. Over the past 10 years, Madelia has permitted 38 homes in all.
Between the 2010 and 2020 censuses, Madelia gained 88 residents while 8 new homes were permitted: about 11 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 1 | 5 | $1.5 million |
| 2025 | 8 | 2 | 6 | $2 million |
| 2024 | 2 | 2 | 0 | $600,000 |
| 2023 | 16 | 2 | 14 | $2.6 million |
| 2022 | 3 | 3 | 0 | $1 million |
| 2021 | 1 | 1 | 0 | $270,000 |
| 2020 | 5 | 5 | 0 | $1.4 million |
| 2019 | 1 | 1 | 0 | $250,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 2 | 2 | 0 | $385,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 5 | 0 | 5 | $85,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 6 | 6 | 0 | $654,000 |
| 2005 | 4 | 4 | 0 | $700,000 |
| 2004 | 5 | 5 | 0 | $654,000 |
| 2003 | 7 | 7 | 0 | $1.1 million |
| 2002 | 5 | 5 | 0 | $1.2 million |
| 2001 | 4 | 4 | 0 | $534,000 |
| 2000 | 2 | 2 | 0 | $188,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Neighbors talk housing
What Madelia 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. New homes: U.S. Census Bureau, Building Permits 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.