The housing market in Madison, CT is an attractive one – with a median value of $541,300 compared to the US House Median Value of $338,100. This shows that Madison is a great area for anyone looking for a home at a high price point. In addition, the 1-year house appreciation rate in Madison is 10.61%, which is higher than the national average of 8.27%. This indicates that buying property in this area could be a great investment opportunity. All in all, Madison appears to be an ideal place to buy or rent a home if you’re looking for quality and value.
The median home cost in Madison is $541,300. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Madison is up 13.4%.
Average Age of Homes
- The median age of Madison real estate is 43 years old
The Rental Market in Madison
- Renters make up 10.6% of the Madison population
- 0.5% of houses and apartments in Madison, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.