Madison, Indiana.
Typical home $242,894 (+4.1% in a year), asking rent $1,500 . Madison, IN metro.
to buy the typical home at today's mortgage rate — +$741 (+139%) since Jan 2020.
- 1 year
- Up $9,577 +4%
- $233,317$242,894 since Sep 2025
- 5 years
- Up $65,653 +37%
- $177,241$242,894 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madison$1,275
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Madison, IN rose 4.1% over the past year — faster than the nation's +1.2%.
Living in Madison, Jefferson County, Indiana
Madison is a city of 12,357 people in Jefferson County. Half its households earn more than $61,183 a year and half less, against $64,577 across Jefferson County; 15% of its people live below the poverty line. 62% of its homes are lived in by their owners and 38% are rented. Unemployment in Jefferson County was 3.5% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madison is a small city on the Ohio River, with a residents' median age on the older side and incomes a little below the county's. Most homes are lived in by their owners, and a typical home is valued well below what many older homeowners in larger metro areas would expect. Winters are cold, summers are warm, and the year brings a modest amount of snow and plenty of rain.
Work. Many residents work in schools, hospitals and social care, with manufacturing and retail close behind. Some of the largest workplaces in Madison are Arvin Sango, which makes exhaust systems and parts, Vehicle Service Group, which makes automobile lifts, and Grote Industries, which makes automotive lighting. Commutes are short, and only a small part of the workforce works from home.
Things to do. Clifty Falls State Park, with its waterfall, lies in or beside town, as do the Lanier Mansion and the Charles L. Shrewsbury House, both museums. Cedar Cliffs Park is a short drive away. For a longer outing, Hardy Lake and Big Oaks National Wildlife Refuge are a longer drive away.
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- 4,924households
- 24%of adults have a degree
- 15%below the poverty line
- 19 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Jefferson County had 12,834 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 24°; warmest in July, with highs near 88° and lows near 66°. About 12 inches of snow and 51 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Madison Sewage Plt weather station, 2 miles away (NOAA).
Largest workplaces in Madison
- Arvin SangoExhaust systems and parts, automotive, truck, and bus, manufacturing844
- Vehicle Service GroupAutomobile lifts manufacturing520
- Grote IndustriesAutomotive lighting fixtures manufacturing503
- Madison Consolidated SchoolsSchool district388FTE
- WalmartWarehouse clubs and supercenters338
- Madison State HospitalPsychiatric hospital312FTE
- RoyerBadges, plastics, manufacturing218
- Indiana-Kentucky ElectricElectric power generation, fossil fuel206
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 18 workplaces with 20 or more staff, 3,488 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- TornadoesVery high
- Inland floodingRelatively high
- LightningRelatively high
- Ice stormsRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madison’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Jefferson County and the Madison, IN metro.
Madison home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madison$242,894
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 4 Madison listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Madison23.80%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison105
New listings per month
Sellers arriving at the market.
- Madison28
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Madison address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madison — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.