Madison County, Idaho home prices
Typical home $423,156 · +5.3% in a year · property tax 0.48%
The typical home in Madison County is worth $423,156, 11% less than the Idaho typical home ($476,754). Values changed +5.3% in the past year and +18.6% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($2,041 on the typical home), versus 0.42% statewide.
Mortgage on the typical Madison County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $84,631 | $338,525 | $2,277 | $0 | $382 | $2,659 | $114,000 |
| 10% down | $42,316 | $380,841 | $2,562 | $159 | $382 | $3,102 | $133,000 |
| 5% down | $21,158 | $401,999 | $2,704 | $167 | $382 | $3,253 | $139,400 |
| 3.5% down (FHA) | $14,810 | $415,492 | $2,795 | $187 | $382 | $3,364 | $144,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Idaho · part of the Rexburg metro area.
Idaho counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Canyon County | $416,843 | +1.7% | 0.52% |
| Owyhee County | $433,227 | +3.4% | 0.4% |
| Payette County | $412,388 | +3.8% | 0.4% |
| Franklin County | $435,938 | +2.7% | 0.4% |
| Bear Lake County | $402,207 | +2.8% | 0.41% |
| Jerome County | $400,477 | +3.2% | 0.63% |
| Bonneville County | $400,373 | +1.6% | 0.5% |
| Custer County | $394,611 | +10.9% | 0.29% |
| Nez Perce County | $390,046 | +2.5% | 0.78% |
| Lemhi County | $387,464 | +6.9% | 0.35% |
Frequently asked questions
What is the average home price in Madison County, ID?
The typical home value in Madison County is $423,156 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $114,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Madison County?
The median effective rate is 0.48% of home value a year (Census ACS 2024 5-year estimates).