Home prices
The median home in Madison is valued at $100,500. In comparison to nearby areas it is about $28,360 (22%) lower.It is about $117,000 (53%) lower in comparison to the nation as a whole, and is about $6,100 (6%) higher compared to the city of Syracuse.
Rents
The median rent in Madison is $888 a month. Compared to other places in this area this is approximately $99 (12%) higher.It is about $174 (16%) lower compared to the rest of the country, and compared to the city of Syracuse it is approximately $74 (9%) higher.
Nearby places
Oriskany Falls
Oriskany Falls is approximately 3 miles northeast of Madison. The housing prices there are a bit less expensive. The median home cost in Oriskany Falls is $86,700, which comes out to $13,800 (15%) lower than Madison. The rent there is a bit less expensive. The median rent in Oriskany Falls is $736 a month, which comes out to $152 (20%) lower than Madison.
Hamilton
Hamilton is approximately 4 miles south of Madison. Its real estate prices are a lot more expensive. The median home value in Hamilton is $224,300, which works out to $123,800 (55%) higher than Madison. The rent there is a bit less expensive. In Hamilton the median monthly rent is $836, which works out to $52 (6%) lower than Madison.
Morrisville
Morrisville is approximately 5 miles west of Madison. Its housing prices are a bit more expensive. The median home in Morrisville is valued at $116,500, which works out to $16,000 (13%) higher than Madison. Rent there is pretty similar. The median rent in Morrisville is $933 a month, which works out to $45 (4%) higher than Madison.
Munnsville
Munnsville is roughly 6 miles northwest of Madison. Its housing prices are similar. Munnsville's median home value is $98,800, which comes out to $1,700 (1%) lower than Madison. The rent there is somewhat less expensive. In Munnsville the median monthly rent is $756, which comes out to $132 (17%) lower than Madison.
Waterville
Waterville is about 6 miles east of Madison. The real estate prices there are a bit more expensive. Waterville's median home cost is $118,000, which is $17,500 (14%) higher than Madison. Rents there are a little less expensive. Waterville's median rent is $682 a month, which comes out to $206 (30%) lower than Madison.
