Madison County, IN Average Home Price (2026)
The average home price in Madison County, Indiana is about $189,000 (the 2026 median across 14 ZIP codes, at ~$133/sq ft) — 19% more affordable than the Indiana median and 35% more affordable than the typical U.S. home.
How Madison County compares
Madison County is relatively affordable for housing nationally: its typical home costs $189,000 against $234,000 for Indiana and $289,000 for the U.S. Within the county, ZIP-level values run from about $81,000 to $335,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Madison County | $189,000 | $133 |
| Indiana | $234,000 | $154 |
| United States | $289,000 | $193 |
Cities in Madison County
Cities with their own home-value page, largest first:
Madison County home prices by ZIP code
The 14 most valuable ZIP codes in Madison County (of 14 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 46064 Pendleton | $335,000 | $159 | +77% |
| 46056 Markleville | $280,000 | $246 | +48% |
| 46051 Lapel | $231,000 | $168 | +22% |
| 46048 Ingalls | $222,000 | $106 | +17% |
| 46011 Anderson | $211,000 | $136 | +12% |
| 46044 Frankton | $202,000 | $134 | +7% |
| 46017 Chesterfield | $193,000 | $164 | +2% |
| 46070 Summitville | $185,000 | $132 | -2% |
| 46012 Anderson | $184,000 | $131 | -3% |
| 46001 Alexandria | $183,000 | $121 | -3% |
| 46013 Anderson | $177,000 | $129 | -6% |
| 46036 Elwood | $155,000 | $117 | -18% |
| 46063 Orestes | $116,000 | $159 | -39% |
| 46016 Anderson | $81,000 | $77 | -57% |
Home value appreciation in Madison County
Home prices in Madison County have risen about 107% over the last 10 years (≈7.5% a year) and +86.7% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +3.4% — still rising. A home worth $189,000 today was worth roughly $91,525 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Indiana is +94.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Madison County
Run the numbers for Madison County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Madison County
To buy the typical $189,000 home in Madison County with 20% down, you need a household income of roughly $51,000 a year (about $1,200 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $61,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,500 | $1,490/mo | $64,000/yr |
| 10% (+PMI) | $18,900 | $1,430/mo | $61,000/yr |
| 20% | $37,800 | $1,200/mo | $51,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Madison County
At about $133 per square foot, here is roughly how much home different budgets get you in Madison County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1130 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1500 sq ft | around the typical home here |
| $250k | 1880 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2260 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 3010 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Indiana.
Estimate a specific home in Madison County
Enter your ZIP and size for an instant estimate tailored to your exact area:
Madison County home prices: frequently asked
What is the average home price in Madison County, IN? +
What salary do you need to buy a house in Madison County? +
Which part of Madison County is most expensive? +
Are home values in Madison County going up? +
Browse all Indiana cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.