2026 Affordability Data
Most Affordable Neighborhoods in Madison - 2026 Data
The median home value in Madison is $169,900, 40% below nat'l avg. Median rent is $1,013/month. With an affordability index of 159, Madison is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Madison, IN area.
Key Takeaways: Affordability in Madison
- 1The most affordable neighborhood in Madison is McCordsville, with a median home value of $298,800.
- 2Madison's median home value is $169,900, 40% below nat'l avg (national: $281,900).
- 3Madison's affordability index is 159 (baseline 100), making it more affordable than the national average.
- 4Median rent in Madison is $1,013/month, 13% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Madison to find the most affordable areas based on home values, rent, and affordability index.
Madison Affordability Overview
Median Home Value
$169,900
40% below nat'l avg
Median Rent
$1,013/mo
13% below nat'l avg
Median Income
$53,113
29% below nat'l avg
Affordability Index
159
59% above nat'l avg
Most Affordable Neighborhoods in Madison (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | McCordsvilleIN | $298,800 |
| 2 | WashingtonIN | $117,700 |
| 3 | AuburnIN | $147,300 |
| 4 | KokomoIN | $118,400 |
| 5 | AndersonIN | $101,700 |
| 6 | ElkhartIN | $119,300 |
| 7 | LafayetteIN | $145,200 |
| 8 | GaryIN | $81,800 |
| 9 | BedfordIN | $123,200 |
| 10 | NoblesvilleIN | $295,700 |
| 11 | SpeedwayIN | $178,000 |
| 12 | South BendIN | $113,800 |
| 13 | Cedar LakeIN | $231,300 |
| 14 | CarmelIN | $425,900 |
| 15 | Terre HauteIN | $99,600 |
Detailed Neighborhood Profiles
Home Value: $298,800
Rent: $945/mo
Affordability: 184
Population: 9,098
Walk Score: 47/100
Home Value: $117,700
Rent: $1,013/mo
Affordability: 159
Population: 12,076
Walk Score: 47/100
Home Value: $147,300
Rent: $1,013/mo
Affordability: 159
Population: 13,316
Walk Score: 47/100
4
Home Value: $118,400
Rent: $1,013/mo
Affordability: 159
Population: 59,534
Walk Score: 47/100
5
Home Value: $101,700
Rent: $1,013/mo
Affordability: 159
Population: 55,011
Walk Score: 47/100
6
Home Value: $119,300
Rent: $1,013/mo
Affordability: 159
Population: 53,785
Walk Score: 47/100
7
Home Value: $145,200
Rent: $1,013/mo
Affordability: 159
Population: 70,828
Walk Score: 47/100
8
Home Value: $81,800
Rent: $1,013/mo
Affordability: 159
Population: 69,136
Walk Score: 47/100
9
Home Value: $123,200
Rent: $1,013/mo
Affordability: 159
Population: 13,802
Walk Score: 47/100
10
Home Value: $295,700
Rent: $1,013/mo
Affordability: 159
Population: 70,442
Walk Score: 47/100
11
Home Value: $178,000
Rent: $1,013/mo
Affordability: 159
Population: 13,646
Walk Score: 47/100
12
Home Value: $113,800
Rent: $1,013/mo
Affordability: 159
Population: 103,084
Walk Score: 47/100
13
Home Value: $231,300
Rent: $1,013/mo
Affordability: 159
Population: 14,215
Walk Score: 47/100
14
Home Value: $425,900
Rent: $1,013/mo
Affordability: 159
Population: 99,453
Walk Score: 47/100
15
Home Value: $99,600
Rent: $1,013/mo
Affordability: 159
Population: 58,599
Walk Score: 47/100
Frequently Asked Questions About Affordability in Madison
What is the most affordable neighborhood in Madison, IN?▾
Based on 2026 data, McCordsville is the most affordable neighborhood in Madison with a median home value of $298,800. Kurby analyzed 15 neighborhoods in the Madison area to compile these rankings.
What is the median home price in Madison, IN?▾
The median home price in Madison is $169,900, which is 40% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Madison affordable compared to the national average?▾
Madison has an affordability index of 159, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Madison, IN?▾
The median monthly rent in Madison is $1,013. This is 13% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Madison?▾
The median household income in Madison is $53,113 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Madison are below the national average home price?▾
12 out of 15 ranked neighborhoods in Madison have a median home value below the national average of $281,900. The most affordable is Washington at $117,700 (Source: Kurby, 2026).