Madison County, North Carolina home prices
Typical home $388,117 · -0.8% in a year · property tax 0.48%
The typical home in Madison County is worth $388,117, 17% more than the North Carolina typical home ($332,159). Values changed -0.8% in the past year and +19.5% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($1,857 on the typical home), versus 0.64% 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 | $77,623 | $310,493 | $2,089 | $0 | $349 | $2,438 | $104,500 |
| 10% down | $38,812 | $349,305 | $2,350 | $146 | $349 | $2,844 | $121,900 |
| 5% down | $19,406 | $368,711 | $2,480 | $154 | $349 | $2,983 | $127,800 |
| 3.5% down (FHA) | $13,584 | $381,087 | $2,564 | $172 | $349 | $3,084 | $132,200 |
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 North Carolina · part of the Asheville metro area.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Durham County | $384,848 | -3.7% | 0.79% |
| Avery County | $384,253 | -1.1% | 0.38% |
| Iredell County | $383,806 | +0.4% | 0.61% |
| Camden County | $394,319 | +2.2% | 0.58% |
| Cabarrus County | $380,437 | -0.3% | 0.73% |
| Lincoln County | $402,332 | +1.5% | 0.58% |
| Brunswick County | $404,357 | +0.5% | 0.54% |
| Moore County | $410,202 | +0.9% | 0.53% |
| Mecklenburg County | $414,531 | -0.9% | 0.71% |
| Macon County | $359,927 | +1.9% | 0.43% |
Frequently asked questions
What is the average home price in Madison County, NC?
The typical home value in Madison County is $388,117 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $104,500 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 0.48% of home value a year (Census ACS 2024 5-year estimates).