Housing in Madison, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$250,579
Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Madison is highlighted.
Median Home Value
54th%ilemost expensive$191,400show rank
Median Rent
41st%ilemost expensive rent$874show rank
Rent Burden
38th%ilehighest rent burden16.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$191,400
Median Rent
$874
Total Housing Units
2,878
Vacancy Rate
12.3%
Owner Occupied
55.9%
Renter Occupied
44.1%
Median Property Tax
$2,422
per year
Monthly Cost (w/ Mortgage)
$815
Housing Types
Single Family63.3%
Multi-Family30.9%
Mobile Home5.8%
The median home value in Madison, SD is $191,400. According to Zillow, the home value index for Madison is $250,579. The median rent is $874 per month (Census ACS). About 55.9% of housing units are owner-occupied. The median year homes were built is 1969. There are 2,878 total housing units.