2026 Affordability Data
Most Affordable Neighborhoods in Madison - 2026 Data
The median home value in Madison is $157,200, 44% below nat'l avg. Median rent is $806/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Madison, SD area.
Key Takeaways: Affordability in Madison
- 1The most affordable neighborhood in Madison is Huron, with a median home value of $133,600.
- 2Madison's median home value is $157,200, 44% below nat'l avg (national: $281,900).
- 3Median rent in Madison is $806/month, 31% below nat'l avg (national: $1,163/month).
- 4We 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
$157,200
44% below nat'l avg
Median Rent
$806/mo
31% below nat'l avg
Median Income
$62,756
16% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Madison (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | HuronSD | $133,600 |
| 2 | VermillionSD | $192,400 |
| 3 | BrookingsSD | $222,100 |
| 4 | SpearfishSD | $271,400 |
| 5 | MitchellSD | $168,400 |
| 6 | WatertownSD | $198,100 |
| 7 | Box ElderSD | $264,600 |
| 8 | AberdeenSD | $192,200 |
| 9 | YanktonSD | $191,400 |
| 10 | BrandonSD | $304,700 |
| 11 | PierreSD | $216,700 |
| 12 | RapidSD | $240,000 |
| 13 | Sioux FallsSD | $250,000 |
| 14 | TeaSD | $268,500 |
| 15 | Dell RapidsSD | $256,900 |
Detailed Neighborhood Profiles
Home Value: $133,600
Rent: $792/mo
Affordability: 314
Population: 14,179
Home Value: $192,400
Rent: $792/mo
Affordability: 314
Population: 11,667
Home Value: $222,100
Rent: $792/mo
Affordability: 314
Population: 23,530
4
Home Value: $271,400
Rent: $792/mo
Affordability: 314
Population: 12,268
5
Home Value: $168,400
Rent: $792/mo
Affordability: 314
Population: 15,656
6
Home Value: $198,100
Rent: $792/mo
Affordability: 314
Population: 22,718
7
Home Value: $264,600
Rent: $792/mo
Affordability: 314
Population: 11,905
8
Home Value: $192,200
Rent: $792/mo
Affordability: 314
Population: 28,388
9
Home Value: $191,400
Rent: $792/mo
Affordability: 314
Population: 15,421
10
Home Value: $304,700
Rent: $792/mo
Affordability: 314
Population: 10,919
11
Home Value: $216,700
Rent: $792/mo
Affordability: 314
Population: 14,105
12
Home Value: $240,000
Rent: $797/mo
Affordability: 63
Population: 74,703
Walk Score: 83/100
13
Home Value: $250,000
Rent: $739/mo
Affordability: 47
Population: 192,517
Walk Score: 89/100
14
Home Value: $268,500
Rent: $1,131/mo
Population: 5,922
15
Home Value: $256,900
Rent: $915/mo
Population: 3,953
Frequently Asked Questions About Affordability in Madison
What is the most affordable neighborhood in Madison, SD?▾
Based on 2026 data, Huron is the most affordable neighborhood in Madison with a median home value of $133,600. Kurby analyzed 15 neighborhoods in the Madison area to compile these rankings.
What is the median home price in Madison, SD?▾
The median home price in Madison is $157,200, which is 44% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Madison, SD?▾
The median monthly rent in Madison is $806. This is 31% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Madison?▾
The median household income in Madison is $62,756 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?▾
14 out of 15 ranked neighborhoods in Madison have a median home value below the national average of $281,900. The most affordable is Huron at $133,600 (Source: Kurby, 2026).