2026 Affordability Data
Most Affordable Neighborhoods in Madison - 2026 Data
The median home value in Madison is $51,700, 82% below nat'l avg. We ranked 15 neighborhoods by affordability to help you find the best value in the Madison, IL area.
Key Takeaways: Affordability in Madison
- 1The most affordable neighborhood in Madison is Hawthorn Woods village, with a median home value of $580,400.
- 2Madison's median home value is $51,700, 82% below nat'l avg (national: $281,900).
- 3We analyzed 15 neighborhoods in Madison to find the most affordable areas based on home values, rent, and affordability index.
Madison Affordability Overview
Median Home Value
$51,700
82% below nat'l avg
Median Rent
N/A
Median Income
$41,429
44% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Madison (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Hawthorn Woods villageIL | $580,400 |
| 2 | Savoy villageIL | $260,800 |
| 3 | RochelleIL | $138,800 |
| 4 | Lynwood villageIL | $195,900 |
| 5 | Lake Villa villageIL | $309,400 |
| 6 | Willowbrook villageIL | $347,200 |
| 7 | Bethalto villageIL | $156,300 |
| 8 | Flossmoor villageIL | $293,400 |
| 9 | Riverside villageIL | $471,100 |
| 10 | Villa Park villageIL | $293,400 |
| 11 | Dolton villageIL | $128,800 |
| 12 | South Holland villageIL | $181,300 |
| 13 | Park Forest villageIL | $94,700 |
| 14 | East MolineIL | $130,800 |
| 15 | CiceroIL | $224,300 |
Detailed Neighborhood Profiles
Home Value: $580,400
Rent: $1,163/mo
Affordability: 221
Population: 9,111
Walk Score: 0/100
Home Value: $260,800
Rent: $1,163/mo
Affordability: 221
Population: 8,682
Walk Score: 0/100
Home Value: $138,800
Rent: $1,163/mo
Affordability: 221
Population: 9,417
Walk Score: 0/100
4
Home Value: $195,900
Rent: $1,163/mo
Affordability: 221
Population: 9,087
Walk Score: 0/100
5
Home Value: $309,400
Rent: $1,163/mo
Affordability: 221
Population: 8,701
Walk Score: 0/100
6
Home Value: $347,200
Rent: $1,163/mo
Affordability: 221
Population: 9,177
Walk Score: 0/100
7
Home Value: $156,300
Rent: $1,163/mo
Affordability: 221
Population: 9,281
Walk Score: 0/100
8
Home Value: $293,400
Rent: $1,163/mo
Affordability: 221
Population: 9,405
Walk Score: 0/100
9
Home Value: $471,100
Rent: $1,163/mo
Affordability: 221
Population: 9,225
Walk Score: 0/100
10
Home Value: $293,400
Rent: $1,354/mo
Affordability: 218
Population: 22,753
Walk Score: 0/100
11
Home Value: $128,800
Rent: $1,354/mo
Affordability: 218
Population: 21,283
Walk Score: 0/100
12
Home Value: $181,300
Rent: $1,354/mo
Affordability: 218
Population: 21,287
Walk Score: 0/100
13
Home Value: $94,700
Rent: $1,354/mo
Affordability: 218
Population: 21,042
Walk Score: 0/100
14
Home Value: $130,800
Rent: $1,354/mo
Affordability: 218
Population: 20,937
Walk Score: 0/100
15
Home Value: $224,300
Rent: $1,354/mo
Affordability: 218
Population: 84,189
Walk Score: 0/100
Frequently Asked Questions About Affordability in Madison
What is the most affordable neighborhood in Madison, IL?▾
Based on 2026 data, Hawthorn Woods village is the most affordable neighborhood in Madison with a median home value of $580,400. Kurby analyzed 15 neighborhoods in the Madison area to compile these rankings.
What is the median home price in Madison, IL?▾
The median home price in Madison is $51,700, which is 82% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the median household income in Madison?▾
The median household income in Madison is $41,429 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Madison are below the national average home price?▾
9 out of 15 ranked neighborhoods in Madison have a median home value below the national average of $281,900. The most affordable is Savoy village at $260,800 (Source: Kurby, 2026).