Madison, NC is an attractive area for those looking to invest in real estate. The median value of a house in Madison is $149,300, significantly lower than the US median housing value of $338,100. However, this lower cost is accompanied by a higher rate of appreciation over the past year, with Madison seeing a 20.58% increase compared to 8.27% nationally. This means that a house bought in Madison today can expect to be worth more in the near future, offering potential buyers either greater returns on investments or lower monthly payments depending on their financing needs.
The median home cost in Madison is $149,300. Home appreciation the last 10 years has been 75.3%. Home Appreciation in Madison is up 19.6%.
Average Age of Homes
- The median age of Madison real estate is 55 years old
The Rental Market in Madison
- Renters make up 28.9% of the Madison population
- 2.1% 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.