Madison County, Illinois 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 22% below the Illinois median More expensive than 71% of counties in Illinois$116,579
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Median rent 20% below the Illinois median More expensive than 85% of counties in Illinois$1,024
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,579 | $149,936 | $248,835 |
| Price Trend (Annual %) | 6.1% | 2.5% | 7.5% |
| Median Gross Rent | $1,024 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 22% lower than in Illinois. Rent is about 20% lower than the Illinois 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 6.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 31.7% between 2015 and 2024, from $778 to $1,024. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 9.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Madison County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,579 | $149,936 | $248,835 |
| Median Household Income | $75,869 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 39.3%, while median household income rose about 43.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madison County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.6% | 61.9% | 58.5% |
| Rental Rate | 23.8% | 30.4% | 31.2% |
| Vacancy Rate | 7.6% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Madison County has a homeownership rate of 68.6%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 7.6%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Madison County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1970 | 1969 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Madison County was built around 1970. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Madison County, IL Housing Compared With Nearby Counties
Madison County, IL is the largest of the 4 counties compared here, 264,024 residents against a local median of 44,343. Madison County, IL's median rent, at $1,024, runs 21% above the $845 typical of the counties around it.
The counties themselves spread $288 on median rent, so Madison County, IL sits at one end of an already wide local range rather than apart from it. Madison County, IL has the 2nd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, IL | 264,024 | $116,579 #3/4 | $1,024 #2/4 | 74.2% #3/4 |
| St. Clair County, IL | 253,661 | $121,433 | $1,089 | 68.4% |
| Macoupin County, IL | 44,343 | $69,312 | $801 | 78.5% |
| Jersey County, IL | 21,266 | $129,386 | $845 | 80.5% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Illinois.
What is the median home price in Madison County, Illinois?
The median home price in Madison County, Illinois is $116,579, lower than the Illinois average of $149,936.
What is the average home price in Madison County, Illinois?
The typical home price in Madison County, Illinois, reported as the median sale price, is $116,579. 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, Illinois?
The median gross rent in Madison County, Illinois is $1,024 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Illinois was $835 per month.
What is the price-to-rent ratio in Madison County, Illinois?
The price-to-rent ratio in Madison County, Illinois is about 9.5, meaning it would take roughly 9.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Madison County.
Are home prices or rent rising faster in Madison County, Illinois?
Both home prices and rent are rising in Madison County, up about 6.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Illinois?
68.6% of households in Madison County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Madison County, Illinois?
The housing vacancy rate in Madison County, Illinois is 7.6%, lower than the Illinois average of 7.7%.
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