Madison County, IN

Comprehensive housing, income, and cost of living data for Madison County, Indiana. Population: 130.5K.

View on Map

Median Home Price

$180.4K

Based on 14 cities

Median Household Income

$62.6K

Annual household income

Price-to-Income Ratio

2.9x

Highly affordable

Salary Needed to Buy

$46.3K

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

Housing & Finance

Annual Property Tax

$1,128

Average annual amount

Effective Tax Rate

0.63%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$912

Property Tax$94.00

Insurance$75.16

Total Monthly$1,081

Historical Home Prices

2015

$72.7K

2016

$76.7K

+5.6%%

2017

$85.3K

+11.2%%

2018

$92.6K

+8.6%%

2019

$102.5K

+10.6%%

2020

$118.8K

+15.9%%

2021

$138.9K

+16.9%%

2022

$154.4K

+11.2%%

2023

$162.8K

+5.4%%

2024

$172.5K

+6.0%%

2025

$178.2K

+3.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.1%%

Below national average

Population Density

289

People per square mile

Homicide Rate

5.5

Low (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

82.6%

Black

6.3%

Hispanic

5.1%

Asian

0.6%

Two or More Races

4.9%

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

Climate & Environment

Average Temperature

52°F

Annual average

Sunny Days

191

Days per year

Annual Rainfall

43.0"

Inches per year

Natural Disaster Risk

High Risk

Score: 77/100

Explore More

View on Interactive Map Compare Counties View All IN Counties