Housing & Real Estate — Madison, Illinois

Overview

Total Housing Units1,498
Occupied1,239
Vacant259
Owner-Occupied556
Renter-Occupied683
Median Home Value (Census)$58,900
Estimated 2026~$65,000
Median Rent$1,010/mo
Median Property Tax$1,267/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income24.6%
Severely Rent-Burdened42.0%

Housing Age

Built 2010 or later82
Built 2000-2009217
Built 1990-199938
Built before 1960751
Median Year Built1955
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.