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Madison County Housing Market

Virginia · 133 counties · Ranked #2756 in home value

Above National Avg

Housing at a Glance

Median Home Value

$331,400

vs national+$331,400 vs $281,900 national

Median Gross Rent

$1,048/mo

vs national$1,048 vs $1,163 national

Effective Tax Rate

0.59%

vs national0.59% vs 1.02% national

Median Household Income

$82,972

vs national+$82,972 vs $74,755 national

Affordability Ratio

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

Rent Burden

29.0%

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

More Housing Data

Property Tax (Median)

$1,967

Tax as % of Home Value

0.59%

Monthly Owner Cost

$1,199

Renter Income

$46,250

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Frequently Asked Questions

What is the median home value in Madison County?

The median home value in Madison County is $331,400. This is above the national median of $281,900.

How much is rent in Madison County?

The median gross rent in Madison County is $1,048 per month.

What is the property tax rate in Madison County?

The effective property tax rate in Madison County is 0.59%. The median annual property tax bill is $1,967.

Is Madison County affordable?

With a home-value-to-income ratio of 4x, 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.