Zip 62060 (Madison, IL) Housing

The data for housing in Madison, IL (62060) shows a median value of $49,400. This is significantly lower than the US house median value of $338,100 and one year house appreciation rate of 8.27%. In Madison, the one year house appreciation rate is 7.96%. The data suggests that housing prices are relatively low in this area compared to national averages, and may be attractive to those looking for more affordable housing options.

The median home cost in Madison (zip 62060) is $49,400. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Madison (zip 62060) is up 10.0%.

Average Age of Homes

- The median age of Madison (zip 62060) real estate is 68 years old

The Rental Market in Madison (zip 62060)

- Renters make up 36.5% of the Madison (zip 62060) population
- 2.8% of houses and apartments in Madison (zip 62060), 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, Illinois	United States
	2,291.0	139,647,020.0
	63	42
	$49,400	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$17.90	$10.98
	$904	$2,690
	38.4%	57.4%
	19.6%	11.2%
	42.1%	31.4%
Vacant Housing
	2.8%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	1.7%	0.4%
	0.0%	3.6%
	14.2%	4.1%
Value of Owner-Occupied Housing
	8.6%	2.6%
	26.5%	2.4%
	25.8%	2.8%
	15.4%	3.9%
	4.7%	4.5%
	9.9%	11.3%
	4.9%	13.0%
	4.2%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	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%
	8.7%	13.6%
	8.7%	13.6%
	6.0%	13.6%
	4.4%	13.2%
	11.5%	14.8%
	6.0%	13.6%
	16.3%	10.0%
	14.9%	4.7%
	22.0%	12.2%

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