Home/Indiana/Madison County

Madison County Housing Market

Indiana · 92 counties · Ranked #1104 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$147,700

vs national$147,700 vs $281,900 national

Median Gross Rent

$926/mo

vs national$926 vs $1,163 national

Effective Tax Rate

0.76%

vs national0.76% vs 1.02% national

Median Household Income

$62,632

vs national$62,632 vs $74,755 national

Affordability Ratio

2.4x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$1,128

Tax as % of Home Value

0.76%

Monthly Owner Cost

$850

Renter Income

$37,040

Frequently Asked Questions

What is the median home value in Madison County?
The median home value in Madison County is $147,700. This is below the national median of $281,900.
How much is rent in Madison County?
The median gross rent in Madison County is $926 per month.
What is the property tax rate in Madison County?
The effective property tax rate in Madison County is 0.76%. The median annual property tax bill is $1,128.
Is Madison County affordable?
With a home-value-to-income ratio of 2.4x, 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.