Madison County, New York home prices
Typical home $265,243 · +6.4% in a year · property tax 2.26%
The typical home in Madison County is worth $265,243, 49% less than the New York typical home ($524,942). Values changed +6.4% in the past year and +44.4% over five years. Homeowners here pay a median 2.26% of their home's value in property tax each year ($6,007 on the typical home), versus 1.42% 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 | $53,049 | $212,194 | $1,427 | $0 | $633 | $2,061 | $88,300 |
| 10% down | $26,524 | $238,719 | $1,606 | $99 | $633 | $2,339 | $100,200 |
| 5% down | $13,262 | $251,981 | $1,695 | $105 | $633 | $2,433 | $104,300 |
| 3.5% down (FHA) | $9,284 | $260,439 | $1,752 | $117 | $633 | $2,503 | $107,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.26% 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 New York · part of the Syracuse metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hamilton County | $274,369 | +2.0% | 1% |
| Niagara County | $254,624 | +4.8% | 2.19% |
| Wayne County | $253,487 | +6.1% | 2.5% |
| Washington County | $252,226 | +3.7% | 2.01% |
| Schoharie County | $252,001 | +6.2% | 2.03% |
| Delaware County | $250,587 | +5.2% | 1.72% |
| Livingston County | $247,627 | +4.0% | 2.45% |
| Schuyler County | $246,028 | +4.8% | 1.97% |
| Monroe County | $285,680 | +4.7% | 2.63% |
| Onondaga County | $285,908 | +6.5% | 2.44% |
Frequently asked questions
What is the average home price in Madison County, NY?
The typical home value in Madison County is $265,243 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $88,300 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 2.26% of home value a year (Census ACS 2024 5-year estimates).