A typical Madison Township home is worth roughly $77,000
Home prices around Madison Township have risen about 61% over the past 5 years.
What stands out about housing in Madison Township
Home prices up 61% in 5 years
The federal house price index for the ZIP codes around Madison Township rose 61% over the past 5 years, faster than across Missouri (51%). Last year prices fell 4%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Madison Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Madison Township
Try your own numbers below.
That covers a typical Madison Township home, with $201K to spare.
A two-bedroom rents for about $900 a month here, $440 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Missouri typical property tax (0.85% 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 $900
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Daviess County, MO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
93% of Madison Township households own their home
Half of Madison Township’s homes were built before 1947.
Missouri: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Madison Township vs. its neighbors
Madison Township is the least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Madison Township | $77K* | −4%† | $900 | $25,000 |
| Harrison Township | — | −4%† | $900 | $112,000 |
| Taylor Township | $312K | +8.2% | $900 | $52,188 |
| Jefferson Township | $321K* | −4%† | $920 | $96,607 |
| Trenton Township | $103K* | −4%† | $900 | $50,557 |
| Leisure Lake | — | −4%† | $900 | $16,817 |
| Jamesport Township | $105K* | — | $940 | $65,294 |
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 Township 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. Price trend: Federal Housing Finance Agency House Price Index. 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.