The housing market in Madison, VA is thriving with a median value of $325,500. This is significantly lower than the US House Median Value of $338,100, yet the 1 year House Appreciation rate in Madison is 9.06%, which is higher than the national average of 8.27%. This indicates that investing in housing in this area could pay off quickly and be a promising option for potential home buyers.
The median home cost in Madison is $325,500. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Madison is up 15.4%.
Average Age of Homes
- The median age of Madison real estate is 64 years old
The Rental Market in Madison
- Renters make up 45.9% of the Madison population
- 0.0% 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.