Madison, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Madison Neighborhoods Since 2000




Madison, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Madison Housing Market Information

With a population of 2,880, 1,123 total housing units (homes and apartments), and a median house value of $88,455, house prices in Madison are some of the most affordable in Florida as well as the nation.

Single-family detached homes are the single most common housing type in Madison, accounting for 59.32% of the city's housing units. Other types of housing that are prevalent in Madison include large apartment complexes or high rise apartments ( 17.13%), duplexes, homes converted to apartments or other small apartment buildings ( 13.21%), and a few mobile homes or trailers ( 5.43%).

The most prevalent building size and type in Madison are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.90% owning and 55.10% renting.

There is a lot of housing in Madison built from 1970 to 1999 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 between 1940-1969 ( 36.53%). A lesser amount of the housing stock also hails from before 1939 ( 13.66%). There's also some housing in Madison built between 2000 and later ( 9.89%).

Vacant housing appears to be an issue in Madison. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Madison homes and apartments can be a drag on the real estate market, holding Madison real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Madison Home Appreciation Rates

Madison's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Madison during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Madison appreciation rates have trailed the rest of the nation. In the last twelve months, Madison's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madison were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Madison's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$88,455

Madison, FL HOME PRICES

Value Range
> $1,237,000 0.0
$928,001 - $1,237,000 0.0
$619,001 - $928,000 0.0
$494,001 - $619,000 0.2
$371,001 - $494,000 0.6
$247,001 - $371,000 3.3
$124,001 - $247,000 27.8
$62,001 - $124,000 37.2
$0 - $62,000 30.9

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
85.1517637407711 95.7264957264957

Number Of Homes And Apartments:
1,123

Madison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
92.84% 3.88% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$677 / per month

Homeownership Rate

Homeownership
Owners 44.90
Renters 55.10
Vacant 15.25

Housing Market Details

 

Age of Homes

AGE OF Madison HOMES
2000 or Newer 9.9
1970 - 1999 39.9
1940 - 1969 36.5
1939 or Older 13.7

Types of Homes

TYPE OF Madison HOMES
Single-Family 59.3
Townhomes 4.9
Small Apt. Buildings 13.2
Apt. Complexes 17.1
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Madison HOMES
No Bedroom 12.08
1 Bedroom 10.19
2 Bedrooms 24.00
3 Bedrooms 41.66
4 Bedrooms 12.08
5 or more bedrooms 0.00

Popular Communities Near Madison, FL

Zip Codes in Madison, FL