Madison County, Florida Housing Market
In Madison County, Florida, the median home value is $116,200, with a median monthly rent of $874. This places Madison County at #2700 nationally out of 3134 counties by median home value, and #64 within Florida.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $851
- Establishments: 396
- BLS QCEW, 2025
Housing Supply
- Single-family: 39
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,538 (avg $50,202)
- Outflow: 6,080 (avg $50,806)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $116,200 | $284,325 | $227,706 |
| Median Gross Rent | $874 | $1,303 | $968 |
| Owner Occupancy Rate | 73.4% | 74.6% | 73.3% |
| Price/Rent Ratio | 11.1 | 17.6 | 18.7 |
Market Analysis
The median home value in Madison County is 59.1% below the Florida state average and 49.0% below the U.S. national average. The median rent of $874/month is 32.9% below the state average.
With a price-to-rent ratio of 11.1, buying a home in Madison County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Madison County has an owner-occupancy rate of 73.4%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Crowley County | Colorado | $116,200 | $984 |
| Chesterfield County | South Carolina | $116,200 | $762 |
| Morrill County | Nebraska | $116,100 | $768 |
| Monroe County | Kentucky | $115,900 | $657 |
| Okfuskee County | Oklahoma | $115,900 | $716 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Taylor County | $114,600 | $988 | 76.0% |
| Jackson County | $120,800 | $865 | 75.9% |
| Hamilton County | $111,200 | $724 | 79.8% |
| Holmes County | $110,200 | $844 | 76.4% |
| Liberty County | $127,300 | $943 | 80.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).