Housing decision brief
Madison County, VA Housing Market
Madison County screens as a higher purchase price, rent that needs comparison, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
97th lowest home value out of 133 Virginia counties with data | 69th lowest rent out of 133
Median home value
$331,400
Purchase-price signal from Census ACS.
Median rent
$1,048/mo
Gross rent, including utilities where reported.
Monthly owner cost
$1,199/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
4.0x
Median home value divided by local household income.
Rent burden
29.0%
Below 30% usually screens as less pressured.
Rent vs own
$151/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Rent burden below pressure line
29.00% of renter income goes to rent, below the 30% burden threshold.
Low disaster-risk signal
Risk score is 91.6 out of 100, a stronger cross-check for long-term ownership costs.
What to Check
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Long-term owners who care about disaster-risk exposure
Poor Fit For
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Madison County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $331,400 | $240,900 | $281,900 | 38% pressure38% above Virginia county median |
Median gross rent Lower usually helps affordability. | $1,048 | $1,043 | $1,163 | Near state medianAt the Virginia county median |
Monthly owner cost Lower usually helps affordability. | $1,199 | $978 | $1,672 | 23% pressure23% above Virginia county median |
Median household income | $82,972 | $66,718 | $74,755 | 24% favorable24% above Virginia county median |
Effective property-tax rate Lower usually helps affordability. | 0.59% | 0.63% | 1.02% | 5% favorable5% below Virginia county median |
Rent burden Lower usually helps affordability. | 29.00% | 28.00% | N/A | Near state median29.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$41,052
Median income minus rent threshold.
Owner cushion
+$31,586
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
For renters in Madison County, the market is affordable. Expect to pay around $1,048/month in gross rent, with 29.0% of renter households considered cost-burdened.
Rent vs own
Renters in Madison County pay $1,048/month on average, compared to $1,199/month for homeowners. This market favors renters by about 13%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $41,920/year. For owner costs at the 28% rule, the required income is roughly $51,386/year. With a median household income of $82,972, most households can comfortably afford rent here. Notably, 29.0% of renter households in Madison County are cost-burdened, spending more than 30% of income on housing.
Regional context
Madison County sits 5% more expensive than Franklin city ($995/month) in terms of median gross rent.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Northumberland County, VA | $333,100 | $1,053/mo | Same-state comparison near $333,100 home value and $1,053/mo rent. |
| Warren County, VA | $315,800 | $1,199/mo | Same-state comparison near $315,800 home value and $1,199/mo rent. |
| Mathews County, VA | $348,800 | $1,108/mo | Same-state comparison near $348,800 home value and $1,108/mo rent. |
| Augusta County, VA | $281,400 | $1,057/mo | Same-state comparison near $281,400 home value and $1,057/mo rent. |
| Gloucester County, VA | $289,200 | $1,144/mo | Same-state comparison near $289,200 home value and $1,144/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Madison County
Is Madison County affordable for buying a home?
Is renting or owning cheaper in Madison County?
How much income do you need for housing in Madison County?
What should I double-check before moving to Madison County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.