Housing in Madison, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$153,271
Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Madison is highlighted.
Median Home Value
23rd%ilemost expensive$104,600show rank
Median Rent
46th%ilemost expensive rent$920show rank
Rent Burden
57th%ilehighest rent burden19.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$104,600
Median Rent
$920
Total Housing Units
914
Vacancy Rate
18.5%
Owner Occupied
70.7%
Renter Occupied
29.3%
Median Property Tax
$1,207
per year
Monthly Cost (w/ Mortgage)
$667
Housing Types
Single Family75.0%
Multi-Family24.6%
Mobile Home0.3%
The median home value in Madison, MN is $104,600. According to Zillow, the home value index for Madison is $153,271. The median rent is $920 per month (Census ACS). About 70.7% of housing units are owner-occupied. The median year homes were built is 1956. There are 914 total housing units.