Home prices
The median home in Madison Lake costs $206,600. In comparison to its surrounding areas this is approximately $34,500 (20%) higher.In comparison to the US as a whole it is roughly $10,900 (5%) lower, and it is approximately $45,000 (17%) lower in comparison to the city of Minneapolis.
Rents
In Madison Lake the median monthly rent is $732. It is about $126 (14%) lower in comparison to the surrounding areas.It is about $330 (31%) lower compared to the nation as a whole, and is approximately $295 (28%) lower in comparison to the city of Minneapolis.
Nearby places
Eagle Lake
Eagle Lake is about 3 miles southwest from Madison Lake. Its real estate prices are somewhat less expensive. The median home value in Eagle Lake is $184,400, which works out to $22,200 (12%) lower than Madison Lake. Rent there is significantly more expensive. The median monthly rent in Eagle Lake is $1,279, which comes out to $547 (42%) higher than Madison Lake.
Elysian
Elysian is approximately 5 miles east from Madison Lake. Housing prices there are pretty similar. The median home in Elysian costs $204,500, which is $2,100 (1%) lower than Madison Lake. Rents there are similar. In Elysian the median rent is $725 per month, which is very similar to Madison Lake.
Janesville
Janesville is roughly 6 miles southeast from Madison Lake. Its housing prices are a lot less expensive. The median home price in Janesville is $140,800, which is $65,800 (46%) lower than Madison Lake. Rent there is fairly similar. Janesville's median monthly rent is $763, which works out to $31 (4%) higher than Madison Lake.
Mankato
Mankato is approximately 7 miles west from Madison Lake. Real estate prices there are a bit less expensive. The median home in Mankato is valued at $179,400, which is $27,200 (15%) lower than Madison Lake. The rent there is a little more expensive. The median rent in Mankato is $899 a month, which is $167 (18%) higher than Madison Lake.
Cleveland
Cleveland is roughly 7 miles north of Madison Lake. The real estate prices there are substantially less expensive. The median home in Cleveland is valued at $151,400, which is $55,200 (36%) lower than Madison Lake. The rent there is a bit less expensive. In Cleveland the median monthly rent is $625, which comes out to $107 (17%) lower than Madison Lake.
