The housing market in Madison, IN is doing well. The median value of houses in the city is $196,900, which is lower than the US house median value of $338,100. Despite this difference, the one-year house appreciation rate in Madison is actually slightly higher than the national average at 8.69%, compared to 8.27%. This data suggests that real estate investments in Madison are a sound choice, as property values are consistently growing and outperforming national averages.
The median home cost in Madison is $196,900. Home appreciation the last 10 years has been 74.5%. Home Appreciation in Madison is up 15.8%.
Average Age of Homes
- The median age of Madison real estate is 53 years old
The Rental Market in Madison
- Renters make up 35.1% of the Madison population
- 1.8% 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.