Madison, WV has a median housing value of $117,800 which is significantly lower than the US median housing value of $338,100. Despite this disparity, the one year appreciation rate for Madison WV is 8.38%, which is actually just slightly higher than the appreciation rate for the nation as a whole at 8.27%. This makes Madison a desirable place to both live and invest in housing due to its comparatively low cost and still high rate of increase in value.
The median home cost in Madison is $117,800. Home appreciation the last 10 years has been 35.2%. Home Appreciation in Madison is up 9.5%.
Average Age of Homes
- The median age of Madison real estate is 48 years old
The Rental Market in Madison
- Renters make up 27.3% 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.