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Madison County Housing Market

Illinois · 102 counties · Ranked #1464 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$167,900

vs national$167,900 vs $281,900 national

Median Gross Rent

$969/mo

vs national$969 vs $1,163 national

Effective Tax Rate

1.93%

vs national+1.93% vs 1.02% national

Median Household Income

$74,800

vs national+$74,800 vs $74,755 national

Affordability Ratio

2.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,232

Tax as % of Home Value

1.92%

Monthly Owner Cost

$1,109

Renter Income

$41,678

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Frequently Asked Questions

What is the median home value in Madison County?

The median home value in Madison County is $167,900. This is below the national median of $281,900.

How much is rent in Madison County?

The median gross rent in Madison County is $969 per month.

What is the property tax rate in Madison County?

The effective property tax rate in Madison County is 1.93%. The median annual property tax bill is $3,232.

Is Madison County affordable?

With a home-value-to-income ratio of 2.2x, Madison County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.