Madison County, IL

Comprehensive housing, income, and cost of living data for Madison County, Illinois. Population: 265.5K.

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Median Home Price

$207.7K

Based on 26 cities

Median Household Income

$74.8K

Annual household income

Price-to-Income Ratio

2.8x

Highly affordable

Salary Needed to Buy

$60.3K

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

Housing & Finance

Annual Property Tax

$3,232

Average annual amount

Effective Tax Rate

1.56%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,050

Property Tax$269

Insurance$86.52

Total Monthly$1,406

Historical Home Prices

2015

$111.6K

2016

$114.1K

+2.2%%

2017

$117.3K

+2.8%%

2018

$120.6K

+2.8%%

2019

$127.0K

+5.3%%

2020

$139.4K

+9.8%%

2021

$147.9K

+6.1%%

2022

$162.3K

+9.7%%

2023

$171.5K

+5.7%%

2024

$178.8K

+4.3%%

2025

$186.0K

+4.0%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.7%%

Near national average

Population Density

371

People per square mile

Homicide Rate

4.5

Low (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

82.4%

Black

8.5%

Hispanic

4.2%

Asian

Two or More Races

3.7%

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

Climate & Environment

Average Temperature

56°F

Annual average

Sunny Days

170

Days per year

Annual Rainfall

42.3"

Inches per year

Natural Disaster Risk

High Risk

Score: 93/100

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