Madison, MN Housing

Madison, MN is a great place to consider buying a home. The median value of housing in Madison is $121,600, which is significantly lower than the US median value of $338,100. Despite its lower price point, house prices have appreciated by an impressive 13.39% in the last year, nearly 5 percentage points higher than the US national average. With its favorable housing price and high appreciation rate, Madison is an ideal location for potential homebuyers looking for affordability and future return on investment.

The median home cost in Madison is $121,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Madison is up 12.6%.

Average Age of Homes

- The median age of Madison real estate is 66 years old

The Rental Market in Madison

- Renters make up 22.8% of the Madison population
- 6.7% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Madison, Minnesota	United States
	941.0	139,647,020.0
	64	42
	$121,600	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$9.69	$10.98
	$1,075	$2,690
	59.3%	57.4%
	22.1%	11.2%
	18.6%	31.4%
Vacant Housing
	6.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.5%	0.4%
	2.1%	3.6%
	11.8%	4.1%
Value of Owner-Occupied Housing
	6.6%	2.6%
	13.6%	2.4%
	15.2%	2.8%
	15.2%	3.9%
	18.6%	4.5%
	17.2%	11.3%
	6.3%	13.0%
	6.5%	20.1%
	0.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	6.9%	13.6%
	9.6%	13.2%
	16.4%	14.8%
	6.9%	13.6%
	11.5%	10.0%
	10.4%	4.7%
	31.7%	12.2%