Madison, Minnesota.
Typical home $170,662 (+1.6% in a year).
to buy the typical home at today's mortgage rate — +$524 (+141%) since Jan 2020.
- 1 year
- Up $2,705 +2%
- $167,957$170,662 since Sep 2025
- 5 years
- Up $39,497 +30%
- $131,165$170,662 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$896
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Madison, MN rose 1.6% over the past year — faster than the nation's +1.2%.
Living in Madison, Lac qui Parle County, Minnesota
Madison is a city of 1,518 people in Lac qui Parle County. Half its households earn more than $61,172 a year and half less, against $74,432 across Lac qui Parle County; 10% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Lac qui Parle County was 4.0% in August 2026, and the county had 1.8% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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 It can be wrong or out of date.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 in western Minnesota, and its residents are older than in most of the country. Incomes run below the county's, and most homes are lived in by their owners. Winters here are long and cold, with January the coldest month and a good deal of snow, while July is the warmest and summers stay comfortable.
Work. Many residents work in schools, hospitals and social care, with shops, the building trades, and restaurants and hotels also employing a share. Madison Healthcare Services, its Care Center, and the Madison-Marietta-Nassau school district are among the largest workplaces in town. Few adults hold a four-year degree, and the typical trip to work is short. Across Lac qui Parle County, jobs have slipped a little over the past year and unemployment has edged up.
Things to do. Madison Speedway, a race track, sits in or beside town, and the Dawson Bank Museum is a short drive away. For a longer outing, Lac qui Parle State Park is a protected area by a reservoir, and Big Stone National Wildlife Refuge is another protected area, both a longer drive away.
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- 737households
- 21%of adults have a degree
- 10%below the poverty line
- 15 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Lac qui Parle County had 2,145 jobs in 2025, 1.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 3°; warmest in July, with highs near 82° and lows near 61°. About 47 inches of snow and 26 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Madison Wwtp weather station, a mile away (NOAA).
Largest workplaces in Madison
- Madison Healthcare Services-Care CenterNursing homes178
- Madison-Marietta-NassauK-12 education67
- Madison Healthcare ServicesCritical access hospital39FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 245 people in all. Hospitals come 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
- Winter weatherVery high
- Cold wavesVery high
- Strong windRelatively high
- Heat wavesRelatively high
- Ice stormsRelatively high
- HailRelatively high
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 Lac qui Parle County.
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$170,662
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Madison listings — the market is roughly in balance.
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.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison19
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.