Zip 57042 (Madison, SD) Housing

The housing median value in 57042 Madison, SD is $217,700, which is significantly lower than the US house median value of $338,100. However, the 1 year house appreciation in this area is higher than the national average at 12.74%, compared to 8.27%. This indicates that Madison's real estate market may be on an upswing and now could be an opportune time to invest in property in this area.

The median home cost in Madison (zip 57042) is $217,700. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Madison (zip 57042) is up 18.1%.

Average Age of Homes

- The median age of Madison (zip 57042) real estate is 51 years old

The Rental Market in Madison (zip 57042)

- Renters make up 31.2% of the Madison (zip 57042) population
- 2.3% of houses and apartments in Madison (zip 57042), 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
	3,683.0	139,647,020.0
	50	42
	$217,700	$338,100
	18.1%	16.6%
	55.0%	57.0%
	95.0%	101.1%
	$12.30	$10.98
	$2,051	$2,690
	56.7%	57.4%
	12.8%	11.2%
	30.5%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.3%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	5.3%	2.6%
	1.3%	2.4%
	3.9%	2.8%
	9.6%	3.9%
	4.8%	4.5%
	17.3%	11.3%
	17.3%	13.0%
	22.4%	20.1%
	11.0%	13.6%
	3.2%	8.3%
	2.2%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	13.8%	13.6%
	10.0%	13.2%
	14.4%	14.8%
	13.8%	13.6%
	6.2%	10.0%
	5.7%	4.7%
	24.8%	12.2%

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