Madison County, VA Average Home Price (2026)
The average home price in Madison County, Virginia is about $424,500 (the 2026 median across 12 ZIP codes, at ~$309/sq ft) — 26% more expensive than the Virginia median and 47% more expensive than the typical U.S. home.
How Madison County compares
Madison County is relatively expensive for housing nationally: its typical home costs $424,500 against $336,500 for Virginia and $289,000 for the U.S. Within the county, ZIP-level values run from about $390,000 to $809,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Madison County | $424,500 | $309 |
| Virginia | $336,500 | $221 |
| 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 12 most valuable ZIP codes in Madison County (of 12 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 22711 Banco | $809,000 | $426 | +91% |
| 22723 Hood | $692,000 | $364 | +63% |
| 22719 Etlan | $501,000 | $278 | +18% |
| 22735 Reva | $467,000 | $316 | +10% |
| 22738 Aroda | $437,000 | $546 | +3% |
| 22709 Aroda | $430,000 | $177 | +1% |
| 22727 Madison | $419,000 | $277 | -1% |
| 22715 Brightwood | $405,000 | $302 | -5% |
| 22731 Aroda | $405,000 | $213 | -5% |
| 22743 Etlan | $396,000 | $758 | -7% |
| 22732 Aroda | $392,000 | $206 | -8% |
| 22722 Haywood | $390,000 | $415 | -8% |
Home value appreciation in Madison County
Home prices in Madison County have risen about 85% over the last 10 years (≈6.3% a year) and +67.4% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +5.3% — still rising. A home worth $424,500 today was worth roughly $229,957 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Virginia is +74.6% 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 $424,500 home in Madison County with 20% down, you need a household income of roughly $115,000 a year (about $2,690 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $137,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $21,200 | $3,350/mo | $144,000/yr |
| 10% (+PMI) | $42,500 | $3,200/mo | $137,000/yr |
| 20% | $84,900 | $2,690/mo | $115,000/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 $309 per square foot, here is roughly how much home different budgets get you in Madison County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 650 sq ft | below the local median — condos, smaller or older homes |
| $250k | 810 sq ft | below the local median — condos, smaller or older homes |
| $300k | 970 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1290 sq ft | around the typical home here |
| $500k | 1620 sq ft | around the typical home here |
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 Virginia.
Estimate a specific home in Madison County
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Madison County home prices: frequently asked
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Browse all Virginia 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.