Madison, IN home prices
Typical home $237,971 · +4.6% in a year · income needed $65,500
The Madison, IN metro area ranks 497 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.6% in a year and +38.1% over five years. With 20% down at 7.11%, the typical home costs about $1,527 a month including 0.64% property tax (Jefferson County rate).
Mortgage on the typical Madison home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $47,594 | $190,376 | $1,281 | $0 | $247 | $1,527 | $65,500 |
| 10% down | $23,797 | $214,174 | $1,441 | $89 | $247 | $1,777 | $76,100 |
| 5% down | $11,899 | $226,072 | $1,521 | $94 | $247 | $1,862 | $79,800 |
| 3.5% down (FHA) | $8,329 | $233,660 | $1,572 | $105 | $247 | $1,924 | $82,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.64% 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.
Counties in the Madison area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson County, IN | $237,972 | +4.6% | 0.64% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Madison?
The typical home in the Madison, IN metro area is worth $237,971 (Zillow, September 2026).
What salary do you need to buy a house in Madison?
About $65,500 a year for the typical home with 20% down at 7.11%.