The housing market in Madison, IN Metro Area is flourishing. The median value of the homes in this area is $188,100 which is much lower than the US house median value of $338,100. Furthermore, the US 1 year House Appreciation rate is 8.27%, while the 1 year appreciation rate in Madison, IN Metro Area is even higher at 8.69%. This shows that there has been a significant growth in the value of houses in this area over the last year and it is expected to continue to grow as more people seek to live and work there. It appears to be a great time for people looking for an ideal place to call home with its relatively low cost of living and strong job market.
The median home cost in Madison Metro Area is $188,100. Home appreciation the last 10 years has been 74.5%. Home Appreciation in Madison Metro Area is up 15.8%.
Average Age of Homes
- The median age of Madison Metro Area real estate is 44 years old
The Rental Market in Madison Metro Area
- Renters make up 25.6% of the Madison Metro Area population
- 1.5% of houses and apartments in Madison Metro Area, 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.