Madison County, Missouri 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 61% below the Missouri median Cheaper than 85% of counties in Missouri$57,142
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Median rent 22% below the Missouri median$808
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,142 | $145,462 | $248,835 |
| Price Trend (Annual %) | 62.0% | 5.2% | 7.5% |
| Median Gross Rent | $808 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 61% lower than in Missouri. Rent is about 22% lower than the Missouri 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 62.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 37.1% between 2015 and 2024, from $590 to $808. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 5.9 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 Missouri is about 11.7.
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,142 | $145,462 | $248,835 |
| Median Household Income | $56,103 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County fell about 48.6%, while median household income rose about 63.5% 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 | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 60.5% | 58.5% |
| Rental Rate | 21.0% | 28.3% | 31.2% |
| Vacancy Rate | 20.2% | 11.2% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Madison County has a homeownership rate of 58.8%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 20.2%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Madison County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1977 | 1978 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Madison County was built around 1977. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Madison County, MO Housing Compared With Nearby Counties
How Madison County, MO compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, MO | 12,729 | $57,142 #3/3 | $808 #1/3 | 73.7% #2/3 |
| Bollinger County, MO | 10,559 | $159,698 | $693 | 82.3% |
| St. Francois County, MO | 66,999 | $136,513 | $793 | 68.2% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Missouri.
What is the median home price in Madison County, Missouri?
The median home price in Madison County, Missouri is $57,142, lower than the Missouri average of $145,462.
What is the average home price in Madison County, Missouri?
The typical home price in Madison County, Missouri, reported as the median sale price, is $57,142. 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, Missouri?
The median gross rent in Madison County, Missouri is $808 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Missouri was $666 per month.
What is the price-to-rent ratio in Madison County, Missouri?
The price-to-rent ratio in Madison County, Missouri is about 5.9, meaning it would take roughly 5.9 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, Missouri?
Both home prices and rent are rising in Madison County, up about 62.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Missouri?
58.8% of households in Madison County, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Madison County, Missouri?
The housing vacancy rate in Madison County, Missouri is 20.2%, higher than the Missouri average of 11.2%.
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