Madison County, FL

Comprehensive housing, income, and cost of living data for Madison County, Florida. Population: 18.0K.

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Median Home Price

$231.1K

Based on 4 cities

Median Household Income

$48.2K

Annual household income

Price-to-Income Ratio

4.8x

Moderately affordable

Salary Needed to Buy

$57.5K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$928

Average annual amount

Effective Tax Rate

0.40%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,169

Property Tax$77.33

Insurance$96.29

Total Monthly$1,342

Historical Home Prices

2015

$99.1K

2016

$105.1K

+6.0%%

2017

$111.7K

+6.3%%

2018

$110.8K

-0.8%%

2019

$121.5K

+9.6%%

2020

$137.8K

+13.5%%

2021

$172.0K

+24.8%%

2022

$191.2K

+11.2%%

2023

$194.2K

+1.6%%

2024

$205.6K

+5.9%%

2025

$204.3K

-0.6%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.1%%

Below national average

Population Density

People per square mile

Homicide Rate

10.8

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

53.9%

Black

35.9%

Hispanic

5.5%

Asian

0.1%

Two or More Races

3.8%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

68°F

Annual average

Sunny Days

187

Days per year

Annual Rainfall

53.8"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 47/100

January Low

19°F

Average winter low

July High

84°F

Average summer high

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