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Madison Parish Housing Market

Louisiana · 64 counties · Ranked #158 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$90,600

vs national$90,600 vs $281,900 national

Median Gross Rent

$625/mo

vs national$625 vs $1,163 national

Effective Tax Rate

0.23%

vs national0.23% vs 1.02% national

Median Household Income

$37,267

vs national$37,267 vs $74,755 national

Affordability Ratio

2.4x

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

Rent Burden

29.0%

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

More Housing Data

Property Tax (Median)

$208

Tax as % of Home Value

0.23%

Monthly Owner Cost

$477

Renter Income

$27,624

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Frequently Asked Questions

What is the median home value in Madison Parish?

The median home value in Madison Parish is $90,600. This is below the national median of $281,900.

How much is rent in Madison Parish?

The median gross rent in Madison Parish is $625 per month.

What is the property tax rate in Madison Parish?

The effective property tax rate in Madison Parish is 0.23%. The median annual property tax bill is $208.

Is Madison Parish affordable?

With a home-value-to-income ratio of 2.4x, Madison Parish 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.