Checked
Madison, MN Home Values and Rents
The typical home value in Madison is $170,662, 357th highest of 363 cities and towns in Minnesota. Median rent is $838 a month.
- Typical home value
- $170,662
- 357th of 363 in MN
- Median rent
- $838/mo
- ACS 2020-2024
- Price change, 1 year
- +1.6%
- Sep 2026
- Homeownership
- 73.1%
- MN: 72.2%
Typical home value in Madison
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Madison |
|---|---|
| Sep 2026 | $170,662 |
| Dec 2025 | $172,033 |
| Dec 2024 | $155,470 |
| Dec 2023 | $148,487 |
| Dec 2022 | $145,716 |
| Dec 2021 | $134,423 |
| Dec 2020 | $114,469 |
| Dec 2019 | $102,118 |
| Dec 2018 | $95,886 |
| Dec 2017 | $87,790 |
| Dec 2016 | $86,130 |
| Dec 2015 | $87,248 |
| Dec 2014 | $79,400 |
| Dec 2013 | $79,899 |
| Dec 2012 | $81,703 |
Over five years, Madison prices changed +30.1%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Minnesota
- Median home value
- $97,000 · MN $329,300
- Median gross rent
- $838/mo · MN $1,280
- Home value to income
- 1.6 times the median household income ($61,172)
- Rent to income
- A year of median rent equals 16% of median household income
- Owner-occupied
- 73.1% of 737 households
- Housing units
- 915
- Vacancy rate
- 19.5%
- Median year built
- 1955
Fair Market Rents, FY2027
HUD rent standard for Lac qui Parle County, MN
| Unit size | Monthly rent |
|---|---|
| Studio | $706 |
| 1 bedroom | $841 |
| 2 bedrooms | $1,014 |
| 3 bedrooms | $1,404 |
| 4 bedrooms | $1,481 |
Frequently asked questions
- What is the typical home value in Madison, MN?
- The typical home value in Madison is $170,662 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Madison?
- The median rent in Madison is $838 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Madison?
- The typical home value in Madison changed +1.6% over one year and +30.1% over five years, as of Sep 2026.
- How does Madison compare with the rest of Minnesota?
- Madison has the 357th highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.