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Madison County Housing Market

New York · 62 counties · Ranked #1604 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$176,800

vs national$176,800 vs $281,900 national

Median Gross Rent

$891/mo

vs national$891 vs $1,163 national

Effective Tax Rate

2.30%

vs national+2.30% vs 1.02% national

Median Household Income

$73,141

vs national$73,141 vs $74,755 national

Affordability Ratio

2.4x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$4,058

Tax as % of Home Value

2.30%

Monthly Owner Cost

$1,124

Renter Income

$36,582

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Madison County?

The median home value in Madison County is $176,800. This is below the national median of $281,900.

How much is rent in Madison County?

The median gross rent in Madison County is $891 per month.

What is the property tax rate in Madison County?

The effective property tax rate in Madison County is 2.30%. The median annual property tax bill is $4,058.

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.