Madison County, Nebraska 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 51% below the Nebraska median$86,666
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Median rent 18% below the Nebraska median More expensive than 74% of counties in Nebraska$880
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,666 | $175,282 | $248,835 |
| Price Trend (Annual %) | 5.6% | 7.7% | 7.5% |
| Median Gross Rent | $880 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 51% lower than in Nebraska. Rent is about 18% lower than the Nebraska 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 5.6% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 42.8% between 2015 and 2024, from $616 to $880. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 8.2 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 Nebraska is about 13.6.
| Metric | Madison County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,666 | $175,282 | $248,835 |
| Median Household Income | $62,671 | $76,615 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County fell about 5.5%, while median household income rose about 34.9% 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 | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.0% | 61.5% | 58.5% |
| Rental Rate | 32.2% | 30.9% | 31.2% |
| Vacancy Rate | 6.8% | 7.6% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Madison County has a homeownership rate of 61.0%, about the same as the Nebraska average of 61.5%. Its housing vacancy rate is 6.8%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Madison County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1970 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 6.1 | 5.5 |
The typical housing unit in Madison County was built around 1970. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Madison County, Nebraska.
What is the median home price in Madison County, Nebraska?
The median home price in Madison County, Nebraska is $86,666, lower than the Nebraska average of $175,282.
What is the average home price in Madison County, Nebraska?
The typical home price in Madison County, Nebraska, reported as the median sale price, is $86,666. 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, Nebraska?
The median gross rent in Madison County, Nebraska is $880 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Nebraska was $702 per month.
What is the price-to-rent ratio in Madison County, Nebraska?
The price-to-rent ratio in Madison County, Nebraska is about 8.2, meaning it would take roughly 8.2 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, Nebraska?
Both home prices and rent are rising in Madison County, up about 5.6% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Nebraska?
61.0% of households in Madison County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Madison County, Nebraska?
The housing vacancy rate in Madison County, Nebraska is 6.8%, lower than the Nebraska average of 7.6%.
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