Home prices
The median home in Madison costs $21,500. It is about $35,780 (62%) lower compared to other places in this area.In comparison to the entire nation it is roughly $196,000 (90%) lower, and in comparison to the city of Memphis is about $80,300 (78%) lower.
Rents
Madison's median monthly rent is $722. It is approximately $66 (10%) higher compared to nearby areas.In comparison to the rest of the nation it is roughly $340 (32%) lower, and in comparison to the city of Memphis is approximately $179 (19%) lower.
Nearby places
Widener
Widener is roughly 2 miles east from Madison. Its housing prices are a lot more expensive. The median home value in Widener is $31,800, which works out to $10,300 (32%) higher than Madison. Rent there is substantially less expensive. In Widener the median rent is $495 per month, which is $227 (45%) lower than Madison.
Forrest City
Forrest City is roughly 3 miles west from Madison. Its housing prices are significantly more expensive. The cost of the median home in Forrest City is $65,100, which is $43,600 (66%) higher than Madison. The rent there is a little less expensive. In Forrest City the median monthly rent is $631, which comes out to $91 (14%) lower than Madison.
Caldwell
Caldwell is about 6 miles northwest of Madison. Housing prices there are significantly more expensive. Caldwell's median home price is $67,200, which works out to $45,700 (68%) higher than Madison. Rent there is fairly similar. Caldwell's median rent is $757 a month, which is $35 (4%) higher than Madison.
Palestine
Palestine is about 9 miles west from Madison. Housing prices there are substantially more expensive. Palestine's median home price is $63,500, which is $42,000 (66%) higher than Madison. Rent there is a little less expensive. The median monthly rent in Palestine is $633, which comes out to $89 (14%) lower than Madison.
Haynes
Haynes is approximately 9 miles south from Madison. Its real estate prices are significantly more expensive. The cost of the median home in Haynes is $58,800, which is $37,300 (63%) higher than Madison. Rents there are a bit more expensive. Haynes's median rent is $764 a month, which comes out to $42 (5%) higher than Madison.
