The housing market in Madison, MO is on the rise due to its median value being significantly lower than the US House Median Value. Despite this, appreciation of houses in Madison, MO has been greater than the national average with a 1 year house appreciation rate of 10.77%. This makes it an attractive option for those looking to purchase a home at an affordable price and benefit from rising property values.
The median home cost in Madison is $147,600. Home appreciation the last 10 years has been 67.1%. Home Appreciation in Madison is up 15.2%.
Average Age of Homes
- The median age of Madison real estate is 50 years old
The Rental Market in Madison
- Renters make up 23.2% of the Madison population
- 1.6% 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.