Madison County, Idaho Housing Market
In Madison County, Idaho, the median home value is $414,800, with a median monthly rent of $1,014. This places Madison County at #258 nationally out of 3134 counties by median home value, and #9 within Idaho.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $829
- Establishments: 1,709
- BLS QCEW, 2025
Housing Supply
- Single-family: 414
- Multi-family: 428
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,568 (avg $62,265)
- Outflow: 12,112 (avg $64,931)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Idaho Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $414,800 | $355,261 | $227,706 |
| Median Gross Rent | $1,014 | $968 | $968 |
| Owner Occupancy Rate | 40.2% | 75.2% | 73.3% |
| Price/Rent Ratio | 34.1 | 30.6 | 18.7 |
Market Analysis
The median home value in Madison County is 16.8% above the Idaho state average and 82.2% above the U.S. national average. The median rent of $1,014/month is 4.8% above the state average.
With a price-to-rent ratio of 34.1, Madison County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Madison County has an owner-occupancy rate of 40.2%, compared to 75.2% in Idaho and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Broward County | Florida | $414,600 | $1,907 |
| Rockwall County | Texas | $415,500 | $1,992 |
| Powhatan County | Virginia | $416,000 | $1,168 |
| Marion County | Oregon | $416,400 | $1,414 |
| Kodiak Island Borough | Alaska | $412,300 | $1,765 |
Other Counties in Idaho
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Boundary County | $410,500 | $877 | 75.3% |
| Jefferson County | $408,400 | $1,138 | 83.0% |
| Gem County | $428,700 | $1,038 | 76.0% |
| Canyon County | $390,000 | $1,347 | 75.5% |
| Custer County | $381,700 | $691 | 76.8% |
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).