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Madison County Housing Market

Kentucky · 120 counties · Ranked #2130 in home value

Below National Avg

Housing at a Glance

Median Home Value

$220,700

vs national$220,700 vs $281,900 national

Median Gross Rent

$851/mo

vs national$851 vs $1,163 national

Effective Tax Rate

0.74%

vs national0.74% vs 1.02% national

Median Household Income

$62,407

vs national$62,407 vs $74,755 national

Affordability Ratio

3.5x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$1,631

Tax as % of Home Value

0.74%

Monthly Owner Cost

$1,075

Renter Income

$37,607

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Frequently Asked Questions

What is the median home value in Madison County?

The median home value in Madison County is $220,700. This is below the national median of $281,900.

How much is rent in Madison County?

The median gross rent in Madison County is $851 per month.

What is the property tax rate in Madison County?

The effective property tax rate in Madison County is 0.74%. The median annual property tax bill is $1,631.

Is Madison County affordable?

With a home-value-to-income ratio of 3.5x, Madison County is moderately 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.