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Madison, IN
Full City Profile · Indiana · Jefferson County County
3.1
/5.0
B
Good
12,277
Population
1,421/sq mi density
$57,050
Median Income
$33,904 per capita
$186,600
Home Value
$235,756 Zillow
$827
Median Rent
27.3% income on rent
56°F
Avg Temperature
290 sunny days/yr
551
Violent Crime/100K
3,839 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$57,050 median income, 2.5% unemployment
A+
Affordability
4.8 / 5.0
$186,600 home value, $827/mo rent
F
Safety
1.0 / 5.0
551 violent crimes/100K (45% above avg)
C+
Education
2.7 / 5.0
20.8% bachelor's degree or higher
Housing Overview
Median Home Value
$186,600
34% below
US avg: $281,900
Median Rent
$827/mo
29% below
US avg: $1,163/mo
Homeownership Rate
58.3%
11% below US avg (65.4%)
Total Housing Units
5,787
Median year built: 1963
Home Value by Source
Census Median
$186,600
Zillow (ZHVI)
$235,756
Median Sale Price
$231,000
Median List Price
$302,400
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
58.3%
Owner-Occupied
41.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$898/mo
1 Bedroom
$919/mo
2 Bedroom
$1,206/mo
3 Bedroom
$1,594/mo
4 Bedroom
$1,597/mo
Census median rent:
$827/mo
Market Indicators (Redfin)
Median Days on Market
105 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
9
Price Drops
10.6%
of listings with price reduction
Price Per Sq Ft
$144
Active Inventory
47
homes for sale
Affordability & Housing Stock
Rent Burden
27.3%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
58.3%
Complete Housing Data
Home Values
| Census Median Value | $186,600 |
| Zillow Home Value (ZHVI) | $235,756 |
| Median Sale Price | $231,000 |
| Median List Price | $302,400 |
| Price Per Sq Ft | $144 |
Rent
| Census Median Rent | $827 |
| FMR Studio | $898 |
| FMR 1-Bedroom | $919 |
| FMR 2-Bedroom | $1,206 |
| FMR 3-Bedroom | $1,594 |
| FMR 4-Bedroom | $1,597 |
Market
| Days on Market | 105 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.6% |
| Homes Sold | 9 |
| Active Inventory | 47 |
| Price Per Sq Ft | $144 |
Ownership & Stock
| Owner-Occupied | 58.3% |
| Renter-Occupied | 41.7% |
| Homeownership Rate | 58.3% |
| Total Housing Units | 5,787 |
| Median Year Built | 1963 |
| Rent Burden | 27.3% |