Madison County, Idaho 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 25% below the Idaho median$295,731
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Median rent 18% below the Idaho median$1,014
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $295,731 | $394,140 | $248,835 |
| Price Trend (Annual %) | 19.2% | 14.3% | 7.5% |
| Median Gross Rent | $1,014 | $1,236 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 25% lower than in Idaho. Rent is about 18% lower than the Idaho 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 19.2% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 58.3% between 2015 and 2024, from $640 to $1,014. Over the same span, rent in Idaho rose about 66.6%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 24.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madison County. The price-to-rent ratio in Idaho is about 26.6.
| Metric | Madison County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $295,731 | $394,140 | $248,835 |
| Median Household Income | $60,340 | $78,141 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 119.7%, while median household income rose about 56.7% 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 | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.4% | 64.8% | 58.5% |
| Rental Rate | 52.6% | 24.9% | 31.2% |
| Vacancy Rate | 12.0% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Madison County has a homeownership rate of 35.4%, lower than the Idaho average of 64.8%. Its housing vacancy rate is 12.0%, compared with 10.3% in Idaho.
Housing Stock
| Metric | Madison County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.23 people | 2.64 people | 2.53 people |
| Median Structure Built Year | 1997 | 1987 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Madison County was built around 1997. On average, 3.2 people live in a home with about 5.0 rooms, staying for about 11.0 years on average.
Madison County, ID Housing Compared With Nearby Counties
How Madison County, ID compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, ID | 54,618 | $295,731 #3/3 | $1,014 #3/3 | 40.2% #3/3 |
| Bonneville County, ID | 129,518 | $378,543 | $1,133 | 71.7% |
| Teton County, ID | 12,425 | $720,070 | $1,319 | 80.8% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Idaho.
What is the median home price in Madison County, Idaho?
The median home price in Madison County, Idaho is $295,731, lower than the Idaho average of $394,140.
What is the average home price in Madison County, Idaho?
The typical home price in Madison County, Idaho, reported as the median sale price, is $295,731. 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, Idaho?
The median gross rent in Madison County, Idaho is $1,014 per month, lower than the Idaho average of $1,236.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Idaho was $775 per month.
What is the price-to-rent ratio in Madison County, Idaho?
The price-to-rent ratio in Madison County, Idaho is about 24.3, meaning it would take roughly 24.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madison County.
Are home prices or rent rising faster in Madison County, Idaho?
Both home prices and rent are rising in Madison County, up about 19.2% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Idaho?
35.4% of households in Madison County, Idaho own their home, lower than the Idaho average of 64.8%.
What is the vacancy rate in Madison County, Idaho?
The housing vacancy rate in Madison County, Idaho is 12.0%, higher than the Idaho average of 10.3%.
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