Home prices
The median home in Madelia costs $99,800. It is approximately $4,760 (5%) higher in comparison to nearby areas.It is approximately $117,700 (54%) lower compared to the country as a whole, and in comparison to the city of Bloomington it is roughly $151,500 (60%) lower.
Rents
Madelia's median monthly rent is $733. It is approximately $104 (16%) higher compared to the surrounding areas.In comparison to the entire country it is about $329 (30%) lower, and is roughly $445 (37%) lower compared to the city of Bloomington.
Nearby places
Hanska
Hanska is about 7 miles northwest from Madelia. Its real estate prices are significantly less expensive. The median home cost in Hanska is $75,600, which comes out to $24,200 (32%) lower than Madelia. Its rents are a bit less expensive. The median rent in Hanska is $608 per month, which is $125 (20%) lower than Madelia.
Lewisville
Lewisville is about 7 miles south from Madelia. The real estate prices there are a lot less expensive. The median home in Lewisville costs $46,800, which is $53,000 (113%) lower than Madelia. Its rents are a lot less expensive. The median rent in Lewisville is $488 per month, which comes out to $245 (50%) lower than Madelia.
Lake Crystal
Lake Crystal is about 9 miles northeast of Madelia. Its real estate prices are a lot more expensive. Lake Crystal's median home value is $153,200, which is $53,400 (34%) higher than Madelia. Its rents are pretty similar. In Lake Crystal the median rent is $719 per month, which works out to $14 (1%) lower than Madelia.
St. James
St. James is approximately 9 miles southwest from Madelia. The housing prices there are a little less expensive. The price of the median home in St. James is $82,500, which works out to $17,300 (20%) lower than Madelia. Rent there is a little less expensive. St. James's median rent is $640 per month, which comes out to $93 (14%) lower than Madelia.
Garden City
Garden City is roughly 10 miles east of Madelia. Its housing prices are a little more expensive. The median home cost in Garden City is $117,100, which is $17,300 (14%) higher than Madelia. Rent there is a bit less expensive. In Garden City the median rent is $688 a month, which works out to $45 (6%) lower than Madelia.
