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Madison, SD Home Values and Rents
The typical home value in Madison is $263,217, 42nd highest of 73 cities and towns in South Dakota. Median rent is $981 a month.
- Typical home value
- $263,217
- 42nd of 73 in SD
- Median rent
- $981/mo
- ACS 2020-2024
- Price change, 1 year
- +1.0%
- Sep 2026
- Homeownership
- 60.2%
- SD: 68.6%
Typical home value in Madison
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Madison |
|---|---|
| Sep 2026 | $263,217 |
| Dec 2025 | $259,584 |
| Dec 2024 | $244,903 |
| Dec 2023 | $232,728 |
| Dec 2022 | $217,047 |
| Dec 2021 | $190,924 |
| Dec 2020 | $164,538 |
| Dec 2019 | $143,135 |
| Dec 2018 | $142,815 |
| Dec 2017 | $131,720 |
Over five years, Madison prices changed +38.8%.
Source: Zillow Research · Last updated 09/01/2026
Frequently asked questions
- What is the typical home value in Madison, SD?
- The typical home value in Madison is $263,217 (Zillow Home Value Index, Sep 2026). The South Dakota median is $257,400.
- How much is rent in Madison?
- The median rent in Madison is $981 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,154.
- Are home prices going up in Madison?
- The typical home value in Madison changed +1.0% over one year and +38.8% over five years, as of Sep 2026.
- How does Madison compare with the rest of South Dakota?
- Madison has the 42nd highest median home value of 73 cities and towns with 1,000+ residents in South Dakota.