Home prices
The median home in Madison is valued at $123,900. It is about $16,280 (11%) lower compared to its nearby areas.In comparison to the nation as a whole it is about $93,600 (43%) lower, and in comparison to the city of Sioux Falls it is about $65,900 (34%) lower.
Rents
Madison's median monthly rent is $564. In comparison to nearby areas this is about $155 (21%) lower.It is about $498 (46%) lower compared to the entire country, and it is approximately $263 (31%) lower compared to the city of Sioux Falls.
Nearby places
Lake Madison
Lake Madison is about 4 miles southeast from Madison. Its real estate prices are a lot more expensive. The median home in Lake Madison is valued at $360,400, which is $236,500 (65%) higher than Madison. Its rents are a bit more expensive. Lake Madison's median monthly rent is $719, which works out to $155 (21%) higher than Madison.
Wentworth
Wentworth is approximately 6 miles east from Madison. The housing prices there are a lot less expensive. Wentworth's median home value is $35,600, which comes out to $88,300 (248%) lower than Madison. Its rents are similar. Wentworth's median rent is $584 a month, which works out to $20 (3%) higher than Madison.
Ramona
Ramona is roughly 8 miles northwest from Madison. Its real estate prices are significantly less expensive. The median home in Ramona costs $61,000, which comes out to $62,900 (103%) lower than Madison. Rent there is fairly similar. Ramona's median monthly rent is $575, which comes out to $11 (1%) higher than Madison.
Chester
Chester is about 10 miles southeast of Madison. The real estate prices there are pretty similar. The median home in Chester is valued at $123,600, which is very similar to Madison. Its rents are significantly more expensive. The median rent in Chester is $954 per month, which comes out to $390 (40%) higher than Madison.
Colman
Colman is about 12 miles east from Madison. The housing prices there are pretty similar. The median home price in Colman is $120,300, which comes out to $3,600 (2%) lower than Madison. Its rents are a bit more expensive. The median rent in Colman is $761 a month, which comes out to $197 (25%) higher than Madison.
