Madison County, Virginia home prices
Typical home $420,931 · +4.4% in a year · property tax 0.53%
The typical home in Madison County is worth $420,931, 2% more than the Virginia typical home ($412,252). Values changed +4.4% in the past year and +25.3% over five years. Homeowners here pay a median 0.53% of their home's value in property tax each year ($2,237 on the typical home), versus 0.71% 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 | $84,186 | $336,745 | $2,265 | $0 | $397 | $2,662 | $114,100 |
| 10% down | $42,093 | $378,838 | $2,548 | $158 | $397 | $3,103 | $133,000 |
| 5% down | $21,047 | $399,884 | $2,690 | $167 | $397 | $3,254 | $139,400 |
| 3.5% down (FHA) | $14,733 | $413,307 | $2,780 | $186 | $397 | $3,363 | $144,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.53% 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 Virginia · part of the Washington metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Louisa County | $419,890 | +2.6% | 0.6% |
| Virginia Beach City | $424,664 | +3.1% | 0.8% |
| Chesapeake City | $424,806 | +3.6% | 0.82% |
| Williamsburg City | $414,600 | +3.4% | 0.59% |
| Frederick County | $428,315 | +1.3% | 0.48% |
| Chesterfield County | $410,086 | +2.6% | 0.76% |
| Henrico County | $397,454 | +1.8% | 0.71% |
| Lancaster County | $397,428 | +5.6% | 0.48% |
| Warren County | $394,470 | +3.0% | 0.52% |
| New Kent County | $447,882 | +3.6% | 0.64% |
Frequently asked questions
What is the average home price in Madison County, VA?
The typical home value in Madison County is $420,931 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison County?
About $114,100 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 0.53% of home value a year (Census ACS 2024 5-year estimates).