Market Overview
Home Prices in Madison, FL
The median home value in Madison, FL is $194,198 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.6% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Madison are priced53% below average.
Over the past five years, Madison home values have risen by approximately25.3%, reflecting strong long-term appreciation in this market.
Price History
Madison Home Price Trend
2020
$126,914
$127K
—
2021
$154,980
$155K
+22.1%
2022
$194,581
$195K
+25.6%
2023
$194,585
$195K
+0.0%
2024
$197,648
$198K
+1.6%
2025
$197,420
$197K
-0.1%
2026
$194,198
$194K
-1.6%
City Comparison
Madison vs. National Median
🏠 Madison
$194,198
National Median
$410,000
At $194,198, homes in Madison cost 53% below the national median of $410,000. This makes Madison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Madison?
20% Down Payment
$38,840
on $194,198
Monthly P&I
$1,013/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,287/mo
incl. taxes & insurance
Income Needed
$51,480
gross annual (30% rule)
10% Down Option
$19,420
+ PMI applies
Loan Amount (20% dn)
$155,358
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Madison, FL?
The median home value in Madison is $194,198 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.6% year-over-year.
How much have home prices changed in Madison?
Over the past year, home values in Madison have decreased by 1.6%. Over five years, prices have risen approximately 25.3%.
How much do I need to earn to buy a home in Madison?
To comfortably afford the median home price of $194,198 with a 20% down payment ($38,840) at today's rates (6.8%), you'd need a gross annual income of approximately $51,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Madison compare to the national average home price?
The national median home value is approximately $410,000. At $194,198, homes in Madison are 53% below the national average.