October's First-Time Homebuyer Report for Madison County

With 131,636 residents, Madison County is a larger than average county in Indiana. Also, with a 1.3% decrease over the last 10 years, its population is growing slightly slower than other parts of the state. Its three largest cities are Anderson, Elwood, and Alexandria. Madison County is made up of homes that are considered older than most with a median of 49 years. The best schools in the county are Lapel Middle School and Mt Vernon High School.

Price Range

Madison County has some of the more affordable homes in the state with a median home value of $84,000 and a current average list price of $68,502. In this week's report, the number of homes sold in the Madison County market fell to 136 over the past 30 days, a decrease of 3.5% from last week's report, but still above the monthly average.

Out of all the listings in Madison County, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$159K   $362K   $149K  

Typical Dwelling

The typical dwelling in Madison County is a three-bedroom detached home worth about $100,618. To purchase a similar home, a buyer with good credit and a $20,124 cash down payment could obtain a mortgage with a 3.95% interest rate and a $488 monthly payment. The property tax rate is $8.68 per $1,000 of taxable assessed value.

Get started right now by checking out Madison County homes for sale or reviewing Madison County real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
The Vearus Group
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Re/Max Real Estate Groups
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Carpenter Realtors
Snapped 33 homes in this area

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