Madison, IN—47250
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Madison, IN
Home Price Trends — Madison, IN
As of Oct '25, the median home price in Madison, IN is $231,000, with a year-over-year change of 4.9%. This indicates that home prices in Madison, IN are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 4.9% |
| Single Family | $231,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $144,000 | 3.6% |
2 Bed | $178,000 | 5.3% |
3 Bed | $230,000 | 5.5% |
4 Bed | $318,000 | 5.6% |
| 5 Bed | $423,000 | 5.8% |
% of Housing Stock
Rental Trends — Madison, IN
As of July '25, Rentcast reports the average rent in Madison, IN is $1,090, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Madison, IN is 1-bedrooms: $866, 2-bedrooms: $1,010, 3-bedrooms: $1,260. The most common rental property sizes in Madison, IN are 2-bedroom and 3-bedroom, accounting for 42.7% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,030 | $1,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $866 |
| 2 Bed Rent | $900 | $1,010 |
| 3 Bed Rent | $1,110 | $1,260 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madison, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Madison, IN is 46. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 23.0% |
Listing Count | 87 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 46 | -19.0% |
Demographics — Madison, IN
As of the latest ACS Survey released in 2023, Madison, IN has a population of 23,000, which has increased by 4.7% over the past 5 years. Madison, IN is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | 4.7% |
% Under 18 | 20.7% | 0.0% |
% Seniors | 19.4% | 16.2% |
% WFH | 4.9% | 44.1% |
% w/ College Degree | 19.0% | 3.8% |
As of the latest ACS Survey released in 2023, Madison, IN is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Madison, IN is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.4% of the population in Madison, IN, and this percentage has increased by 27.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.4% | -0.2% |
% Black | 1.4% | -46.2% |
% Hispanic | 3.5% | 0.0% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 1.4% | 27.3% |
Mortgage and Risk — Madison, IN
According to HUD data as of 2023, there were 537 mortgage originations in Madison, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Madison, IN. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Madison, IN
Madison, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 477 |
Total Units Section 8 | 423 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $700 | $790 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | $60 | $1,110 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Madison, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $231,000 |
| Median Household Income | $56,700 |