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Housing Affordability in Madison, IN
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 23.9%
- Indiana 25.5%
- Renters paying 30%+
- 33.1%
- Indiana 48.1%
- Homeowners paying 30%+
- 18.3%
- Indiana 16.8%
- Owner costs with a mortgage
- $1,201/mo
- Indiana $1,404/mo
Housing costs compared with income
- Renters paying 30% or more60333.1%
- Homeowners paying 30% or more55818.3%
- Renters paying 50% or more27214.9%
- Median rent as a share of income: 27.2%
- Median owner costs as a share of income, with a mortgage: 19.2%
- Median owner costs without a mortgage: $483/mo
- Median home value divided by median household income: 3.3
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Madison, IN | 23.9% | 33.1% | 18.3% | 27.2% |
| Jefferson County | 23.6% | 39.3% | 18.0% | 27.2% |
| Indiana | 25.5% | 48.1% | 16.8% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Madison, IN?
- In Madison, IN, 23.9% of households spend 30% or more of their income on housing costs.
- How does Madison compare with Indiana?
- The households paying 30%+ for housing in Madison is 23.9%, compared with 25.5% for Indiana as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates