Madison County, Iowa Housing Market Prices
Madison County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% above the Iowa median More expensive than 80% of counties in Iowa$208,333
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Median rent 7% above the Iowa median Among the 5 most expensive counties in Iowa$1,036
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,333 | $153,425 | $248,835 |
| Price Trend (Annual %) | 22.6% | 7.5% | 7.5% |
| Median Gross Rent | $1,036 | $971 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 36% higher than in Iowa. Rent is about 7% higher than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Madison County, up about 22.6% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 26.7% between 2015 and 2024, from $818 to $1,036. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 16.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Madison County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $208,333 | $153,425 | $248,835 |
| Median Household Income | $88,339 | $75,133 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 101.7%, while median household income rose about 46.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.6% | 65.6% | 58.5% |
| Rental Rate | 18.7% | 25.9% | 31.2% |
| Vacancy Rate | 5.7% | 8.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Madison County has a homeownership rate of 75.6%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 5.7%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1984 | 1971 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Madison County was built around 1984. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Madison County, IA Housing Compared With Nearby Counties
Madison County, IA is the 3rd largest of the 4 counties compared here, 16,926 residents against a local median of 54,398. Madison County, IA's median home price, at $208,333, runs 25% below the $279,595 typical of the counties around it.
The counties themselves spread $236,667 on median home price, so Madison County, IA sits at one end of an already wide local range rather than apart from it. Madison County, IA has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, IA | 16,926 | $208,333 #3/4 | $1,036 #2/4 | 80.1% #2/4 |
| Dallas County, IA | 107,966 | $279,595 | $1,311 | 69.0% |
| Union County, IA | 11,993 | $73,333 | $721 | 72.1% |
| Warren County, IA | 54,398 | $310,000 | $972 | 82.3% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Iowa.
What is the median home price in Madison County, Iowa?
The median home price in Madison County, Iowa is $208,333, higher than the Iowa average of $153,425.
What is the average home price in Madison County, Iowa?
The typical home price in Madison County, Iowa, reported as the median sale price, is $208,333. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Madison County, Iowa?
The median gross rent in Madison County, Iowa is $1,036 per month, higher than the Iowa average of $971.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Iowa was $827 per month.
What is the price-to-rent ratio in Madison County, Iowa?
The price-to-rent ratio in Madison County, Iowa is about 16.8, meaning it would take roughly 16.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Madison County.
Are home prices or rent rising faster in Madison County, Iowa?
Both home prices and rent are rising in Madison County, up about 22.6% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Iowa?
75.6% of households in Madison County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Madison County, Iowa?
The housing vacancy rate in Madison County, Iowa is 5.7%, lower than the Iowa average of 8.5%.
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