Madison County, Indiana Housing Market
In Madison County, Indiana, the median home value is $161,300, with a median monthly rent of $939. This places Madison County at #1995 nationally out of 3134 counties by median home value, and #64 within Indiana.
📈 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: $970
- Establishments: 2,484
- BLS QCEW, 2025
Housing Supply
- Single-family: 186
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 53,701 (avg $61,926)
- Outflow: 51,169 (avg $62,493)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46016 | 212.5 | +31.63% | 2025 |
| 2 | 46051 | 216.8 | -10.81% | 2025 |
| 3 | 46044 | 222.1 | +16.31% | 2025 |
| 4 | 46013 | 195.3 | +3.65% | 2025 |
| 5 | 46011 | 207.0 | +0.06% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $161,300 | $191,898 | $227,706 |
| Median Gross Rent | $939 | $910 | $968 |
| Owner Occupancy Rate | 70.2% | 76.3% | 73.3% |
| Price/Rent Ratio | 14.3 | 17.5 | 18.7 |
Market Analysis
The median home value in Madison County is 15.9% below the Indiana state average and 29.2% below the U.S. national average. The median rent of $939/month is 3.2% above the state average.
With a price-to-rent ratio of 14.3, 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 70.2%, compared to 76.3% in Indiana 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 |
|---|---|---|---|
| Chilton County | Alabama | $161,300 | $871 |
| Kleberg County | Texas | $161,300 | $1,043 |
| Swift County | Minnesota | $161,400 | $920 |
| Pittsylvania County | Virginia | $161,400 | $861 |
| Kiowa County | Colorado | $161,500 | $800 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jennings County | $161,500 | $988 | 78.8% |
| Huntington County | $161,600 | $879 | 77.4% |
| Martin County | $159,400 | $697 | 78.5% |
| Perry County | $163,400 | $682 | 75.5% |
| Orange County | $158,700 | $855 | 78.7% |
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).