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Madison County

Learn about the people, housing, costs and businesses in Madison County County

Median Home$192,694
Median Rent$1,074/month
Population264,238
Leading IndustriesArts, Food & Hospitality · Healthcare · Information & Media8% arts, food & hospitality
Home Value Growth⬆⬆+15.2% over 2 years
Young Adults28% of residentsslightly above average
Homeowners74% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableHigh Incomes$81k/year · top 20% nationally
Madison County
IL

Frequently Asked Questions

What are today's mortgage rates in Madison County?

As of today, the 30-year fixed mortgage rate for Madison County is approximately 7.103% (7.136% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Madison County
What is the median home price in Madison County?

The median home value in Madison County is $193k. The median monthly rent is $1,074. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madison County?

Home values in Madison County have increased 15.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Madison County?

Based on a typical all-in ownership cost of $1,165/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madison County is $81k/year.

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What industries drive the economy in Madison County?

The largest employment sectors in Madison County are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas