Home prices
The median home cost in Madison is $114,200. This is roughly $20,120 (14%) lower compared to the surrounding areas.Compared to the country as a whole it is approximately $103,300 (47%) lower, and compared to the city of Raleigh is approximately $134,100 (54%) lower.
Rents
In Madison the median rent is $643 a month. Compared to its nearby areas this is about $31 (4%) lower.Compared to the entire country it is roughly $419 (39%) lower, and in comparison to the city of Raleigh it is approximately $478 (42%) lower.
Nearby places
Mayodan
Mayodan is Madison's neighbor to the north. Its real estate prices are a bit less expensive. The median home in Mayodan is valued at $91,100, which works out to $23,100 (25%) lower than Madison. Rent there is a bit less expensive. Mayodan's median rent is $557 a month, which comes out to $86 (15%) lower than Madison.
Stoneville
Stoneville is roughly 6 miles northeast from Madison. Its housing prices are pretty similar. Stoneville's median home price is $114,100, which is very similar to Madison. Rents there are significantly less expensive. The median rent in Stoneville is $447 a month, which comes out to $196 (43%) lower than Madison.
Walnut Cove
Walnut Cove is roughly 10 miles southwest from Madison. The real estate prices there are somewhat more expensive. The price of the median home in Walnut Cove is $121,700, which is $7,500 (6%) higher than Madison. Rent there is pretty similar. The median monthly rent in Walnut Cove is $640, which is very similar to Madison.
Wentworth
Wentworth is approximately 10 miles east of Madison. The real estate prices there are somewhat more expensive. The price of the median home in Wentworth is $139,300, which is $25,100 (18%) higher than Madison. Rents there are a bit more expensive. The median monthly rent in Wentworth is $830, which is $187 (22%) higher than Madison.
Stokesdale
Stokesdale is about 11 miles south from Madison. Its housing prices are substantially more expensive. The median home in Stokesdale costs $205,400, which comes out to $91,200 (44%) higher than Madison. Rents there are somewhat more expensive. Stokesdale's median monthly rent is $895, which comes out to $252 (28%) higher than Madison.
