Madison, SD Housing

The housing market in Madison, SD is doing better than the national average. The median value for housing in Madison is $225,500 which is significantly lower than the US house median value of $338,100. However, the one year house appreciation in this area is 12.74%, much higher than the 8.27% national average. This shows that Madison has a strong housing market and it's a great time to buy or invest in real estate in this city.

The median home cost in Madison is $225,500. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Madison is up 18.1%.

Average Age of Homes

- The median age of Madison real estate is 54 years old

The Rental Market in Madison

- Renters make up 38.2% of the Madison population
- 2.8% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Madison, South Dakota	United States
	2,722.0	139,647,020.0
	54	42
	$225,500	$338,100
	18.1%	16.6%
	55.0%	57.0%
	95.0%	101.1%
	$13.91	$10.98
	$1,990	$2,690
	50.9%	57.4%
	10.7%	11.2%
	38.4%	31.4%
Vacant Housing
	2.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.8%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	7.5%	2.6%
	1.9%	2.4%
	3.0%	2.8%
	12.6%	3.9%
	5.9%	4.5%
	20.9%	11.3%
	19.9%	13.0%
	18.5%	20.1%
	7.3%	13.6%
	1.7%	8.3%
	0.8%	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%
	3.7%	13.6%
	3.7%	13.6%
	13.2%	13.6%
	12.7%	13.2%
	13.7%	14.8%
	13.2%	13.6%
	5.2%	10.0%
	7.1%	4.7%
	26.7%	12.2%