Madison County, Iowa home prices
Typical home $333,666 · +1.7% in a year · property tax 1.48%
The typical home in Madison County is worth $333,666, 41% more than the Iowa typical home ($236,623). Values changed +1.7% in the past year and +25.1% over five years. Homeowners here pay a median 1.48% of their home's value in property tax each year ($4,934 on the typical home), versus 1.27% 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 | $66,733 | $266,933 | $1,796 | $0 | $578 | $2,374 | $101,700 |
| 10% down | $33,367 | $300,300 | $2,020 | $125 | $578 | $2,723 | $116,700 |
| 5% down | $16,683 | $316,983 | $2,132 | $132 | $578 | $2,842 | $121,800 |
| 3.5% down (FHA) | $11,678 | $327,623 | $2,204 | $148 | $578 | $2,929 | $125,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.48% 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 Iowa · part of the Des Moines metro area.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Warren County | $323,570 | +1.9% | 1.43% |
| Winneshiek County | $315,887 | +3.5% | 1.12% |
| Dallas County | $355,003 | -0.5% | 1.41% |
| Johnson County | $309,187 | +2.8% | 1.52% |
| Sioux County | $308,457 | +3.6% | 1.12% |
| Plymouth County | $292,290 | +5.5% | 1.07% |
| Story County | $292,064 | +2.7% | 1.4% |
| Clayton County | $287,556 | +13.2% | 1.29% |
| Dickinson County | $384,118 | +1.7% | 0.92% |
| Benton County | $282,938 | +9.5% | 1.31% |
Frequently asked questions
What is the average home price in Madison County, IA?
The typical home value in Madison County is $333,666 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $101,700 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 1.48% of home value a year (Census ACS 2024 5-year estimates).