Madison County, Nebraska home prices
Typical home $254,172 · +3.4% in a year · property tax 1.37%
The typical home in Madison County is worth $254,172, 9% less than the Nebraska typical home ($278,299). Values changed +3.4% in the past year and +30.4% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($3,479 on the typical home), versus 1.31% 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 | $50,834 | $203,338 | $1,368 | $0 | $417 | $1,785 | $76,500 |
| 10% down | $25,417 | $228,755 | $1,539 | $95 | $417 | $2,051 | $87,900 |
| 5% down | $12,709 | $241,464 | $1,624 | $101 | $417 | $2,142 | $91,800 |
| 3.5% down (FHA) | $8,896 | $249,568 | $1,679 | $112 | $417 | $2,208 | $94,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% 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 Nebraska · part of the Norfolk metro area.
Nebraska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wayne County | $252,588 | +6.6% | 1.12% |
| Hall County | $255,979 | -0.5% | 1.39% |
| Kearney County | $250,494 | +5.0% | 1.23% |
| Keith County | $247,262 | +7.0% | 1.41% |
| Pierce County | $246,072 | +2.9% | 1.14% |
| Dakota County | $245,248 | +5.7% | 1.54% |
| Otoe County | $244,979 | +2.7% | 1.33% |
| Stanton County | $264,237 | +6.7% | 1.26% |
| Butler County | $242,422 | +5.8% | 1.11% |
| Dodge County | $240,410 | +3.5% | 1.27% |
Frequently asked questions
What is the average home price in Madison County, NE?
The typical home value in Madison County is $254,172 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $76,500 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 1.37% of home value a year (Census ACS 2024 5-year estimates).