Madison, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madison, GA 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 4,026, 1,502 total housing units (homes and apartments), and a median house value of $241,585, 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 76.25% of the city's housing units. Other types of housing that are prevalent in Madison include duplexes, homes converted to apartments or other small apartment buildings ( 14.62%), mobile homes or trailers ( 5.34%), and a few large apartment complexes or high rise apartments ( 3.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madison. Owner-occupied housing accounts for 67.55% of Madison's homes, and 67.72% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 20.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.06%). There's also some housing in Madison built before 1939 ( 7.52%).

Vacant housing appears to be an issue in Madison. Fully 19.85% 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

Real estate appreciation rates in Madison's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

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 8.34%, which is higher than appreciation rates in 88.27% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$241,585

Madison, GA HOME PRICES

Value Range
> $1,229,000 0.0
$922,001 - $1,229,000 1.5
$614,001 - $922,000 2.0
$492,001 - $614,000 2.9
$369,001 - $492,000 15.3
$246,001 - $369,000 22.1
$123,001 - $246,000 32.1
$61,001 - $123,000 13.9
$0 - $61,000 10.1

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
23.8720262510254 7.82241014799154

Number Of Homes And Apartments:
1,502

Madison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
32.94% 1.66% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,125 / per month

Homeownership Rate

Homeownership
Owners 67.55
Renters 32.45
Vacant 19.85

Housing Market Details

 

Age of Homes

AGE OF Madison HOMES
2000 or Newer 20.3
1970 - 1999 52.1
1940 - 1969 20.1
1939 or Older 7.5

Types of Homes

TYPE OF Madison HOMES
Single-Family 76.3
Townhomes 0.0
Small Apt. Buildings 14.6
Apt. Complexes 3.8
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Madison HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 25.67
3 Bedrooms 55.12
4 Bedrooms 12.59
5 or more bedrooms 6.62

Popular Neighborhoods in Madison

Zip Codes in Madison, GA