Madison County, Indiana home prices
Typical home $187,876 · +2.9% in a year · property tax 0.74%
The typical home in Madison County is worth $187,876, 27% less than the Indiana typical home ($257,165). Values changed +2.9% in the past year and +34.5% over five years. Homeowners here pay a median 0.74% of their home's value in property tax each year ($1,388 on the typical home), versus 0.74% 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 | $37,575 | $150,300 | $1,011 | $0 | $210 | $1,221 | $52,300 |
| 10% down | $18,788 | $169,088 | $1,137 | $70 | $210 | $1,418 | $60,800 |
| 5% down | $9,394 | $178,482 | $1,201 | $74 | $210 | $1,485 | $63,600 |
| 3.5% down (FHA) | $6,576 | $184,473 | $1,241 | $83 | $210 | $1,534 | $65,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% 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 Indiana · part of the Indianapolis metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Perry County | $188,788 | +2.8% | 0.68% |
| Henry County | $190,219 | +2.6% | 0.73% |
| Pulaski County | $190,877 | +7.4% | 0.45% |
| Howard County | $190,881 | +4.4% | 0.72% |
| Wabash County | $191,091 | +4.8% | 0.52% |
| Orange County | $184,439 | +4.0% | 0.58% |
| Fountain County | $191,904 | +4.4% | 0.59% |
| Clay County | $182,911 | +2.6% | 0.41% |
| Pike County | $180,815 | +8.5% | 0.78% |
| Greene County | $196,235 | +5.1% | 0.58% |
Frequently asked questions
What is the average home price in Madison County, IN?
The typical home value in Madison County is $187,876 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $52,300 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 0.74% of home value a year (Census ACS 2024 5-year estimates).