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📍 Madison, NY · Zillow ZHVI · July 2026

Average Home Price in
Madison, NY

Syracuse, NY metro area · Madison County County

Median Home Value
$224,227
↑ 4.5% year-over-year
vs. National Median
$410,000
Madison is 45% below
Est. Monthly Payment
$1,169/mo
20% down · 6.8% rate
Income Needed
$59K
gross annual (30% rule)
Median Home Value
$224,227
↑ 4.5% year-over-year
Down Payment (20%)$44,845
Monthly P&I$1,169/mo
With Taxes & Ins.~$1,485/mo
Income Needed$59,400/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Madison, NY

The median home value in Madison, NY is $224,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 8.1% from two years prior.

Compared to the U.S. national median of $410,000, homes in Madison are priced45% below average. Madison is part of the Syracuse, NY metro area.

City Comparison

Madison vs. National Median

🏠 Madison
$224,227
National Median
$410,000

At $224,227, homes in Madison cost 45% 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
$44,845
on $224,227
Monthly P&I
$1,169/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,485/mo
incl. taxes & insurance
Income Needed
$59,400
gross annual (30% rule)
10% Down Option
$22,423
+ PMI applies
Loan Amount (20% dn)
$179,382
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, NY?
The median home value in Madison is $224,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Madison?
Over the past year, home values in Madison have increased by 4.5%.
How much do I need to earn to buy a home in Madison?
To comfortably afford the median home price of $224,227 with a 20% down payment ($44,845) at today's rates (6.8%), you'd need a gross annual income of approximately $59,400. 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 $224,227, homes in Madison are 45% below the national average.
What metro area is Madison part of?
Madison is part of the Syracuse, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.