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Housing Affordability in Madison, MN
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
- 24.0%
- Minnesota 27.1%
- Renters paying 30%+
- 51.7%
- Minnesota 48.1%
- Homeowners paying 30%+
- 15.0%
- Minnesota 19.4%
- Owner costs with a mortgage
- $971/mo
- Minnesota $1,947/mo
Madison has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more9051.7%
- Homeowners paying 30% or more8115.0%
- Renters paying 50% or more4928.2%
- Median rent as a share of income: 30.5%
- Median owner costs as a share of income, with a mortgage: 17.9%
- Median owner costs without a mortgage: $531/mo
- Median home value divided by median household income: 1.6
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Madison, MN | 24.0% | 51.7% | 15.0% | 30.5% |
| Lac qui Parle County | 18.8% | 42.9% | 14.7% | 24.7% |
| Minnesota | 27.1% | 48.1% | 19.4% | 29.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Madison, MN?
- In Madison, MN, 24.0% of households spend 30% or more of their income on housing costs.
- How does Madison compare with Minnesota?
- The households paying 30%+ for housing in Madison is 24.0%, compared with 27.1% for Minnesota as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates