Home prices
The median home in Madison is valued at $235,000. It is approximately $22,540 (10%) higher compared to its nearby areas.It is roughly $17,500 (8%) higher compared to the entire country, and it is approximately $366,500 (60%) lower compared to the city of Washington.
Rents
In Madison the median rent is $777 a month. Compared to its surrounding areas this is roughly $197 (20%) lower.Compared to the nation as a whole it is approximately $285 (26%) lower, and compared to the city of Washington is approximately $764 (49%) lower.
Nearby places
Stanardsville
Stanardsville is roughly 10 miles southwest from Madison. Real estate prices there are somewhat less expensive. Stanardsville's median home cost is $199,500, which comes out to $35,500 (17%) lower than Madison. Rent there is a little more expensive. In Stanardsville the median monthly rent is $920, which works out to $143 (15%) higher than Madison.
Orange
Orange is about 11 miles southeast from Madison. Its housing prices are a bit less expensive. The median home value in Orange is $220,800, which is $14,200 (6%) lower than Madison. Its rents are somewhat more expensive. The median monthly rent in Orange is $946, which comes out to $169 (17%) higher than Madison.
Twin Lakes
Twin Lakes is about 12 miles southwest of Madison. The housing prices there are a little less expensive. Twin Lakes's median home value is $195,000, which is $40,000 (20%) lower than Madison. The rent there is somewhat more expensive. Twin Lakes's median monthly rent is $1,042, which is $265 (25%) higher than Madison.
Culpeper
Culpeper is about 13 miles northeast of Madison. Its real estate prices are a little more expensive. The median home price in Culpeper is $263,600, which works out to $28,600 (10%) higher than Madison. Its rents are a lot more expensive. In Culpeper the median rent is $1,153 a month, which comes out to $376 (32%) higher than Madison.
Elkton
Elkton is about 16 miles west from Madison. Its real estate prices are a little less expensive. The price of the median home in Elkton is $183,400, which works out to $51,600 (28%) lower than Madison. The rent there is pretty similar. The median rent in Elkton is $811 per month, which works out to $34 (4%) higher than Madison.
