Madison appreciation rates and housing market information

Madison housing market information

With 3,507 people, 1,499 houses or apartments, and a median cost of homes of $203,425, Madison real estate is some of the most expensive in Georgia, although Madison home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Madison, accounting for 75.72% of the city's housing units. Other types of housing that are prevalent in Madison include mobile homes or trailers (7.74%), duplexes, homes converted to apartments, or other small apartment buildings (6.94%), large apartment complexes or high rise apartments (6.67%), and a few row houses and other attached homes (2.94%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Madison. Owner-occupied housing accounts for 60.84% of Madison's homes, and 55.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Madison built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Madison built from 1940-1969 (29.69%). A lesser amount of the housing stock also hails from 1939 and earlier (18.08%), and some were built from 1995 and later (18.08%).

Madison home appreciation rates

In the last 10 years, Madison has experienced some of the highest home appreciation rates of any community in the nation. Madison real estate appreciated 182.69% over the last ten years, which is an average annual home appreciation rate of 18.26%, putting Madison in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Madison definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Madison that despite a nationwide downturn in the housing market, Madison real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Madison appreciation rates continue to be some of the highest in America, at 11.39%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Madison. Madison appreciation rates in the latest quarter were at 4.37%, which equates to an annual appreciation rate of 17.48%.

Importantly, this makes Madison one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Madison's latest annual appreciation rate is higher than 98% of the other cities and towns in Georgia.