Market Overview
Home Prices in Madison, NC
The median home value in Madison, NC is $232,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Madison are priced43% below average. Madison is part of the Greensboro-High Point, NC metro area.
Over the past five years, Madison home values have risen by approximately18.0%, reflecting steady appreciation in this market.
Price History
Madison Home Price Trend
City Comparison
Madison vs. National Median
At $232,150, homes in Madison cost 43% 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
$46,430
on $232,150
Monthly P&I
$1,211/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,538/mo
incl. taxes & insurance
Income Needed
$61,520
gross annual (30% rule)
10% Down Option
$23,215
+ PMI applies
Loan Amount (20% dn)
$185,720
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, NC?
The median home value in Madison is $232,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Madison?
Over the past year, home values in Madison have increased by 3.9%. Over five years, prices have risen approximately 18.0%.
How much do I need to earn to buy a home in Madison?
To comfortably afford the median home price of $232,150 with a 20% down payment ($46,430) at today's rates (6.8%), you'd need a gross annual income of approximately $61,520. 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 $232,150, homes in Madison are 43% below the national average.
What metro area is Madison part of?
Madison is part of the Greensboro-High Point, NC metropolitan area. Home prices and market conditions can vary across the broader metro region.