According to statistics, the population in Madison, SD amounts to 7,094, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $50,439, shifting growth 6% from the past year, and the average property value in Madison, SD growth 3% to $113,700 throughout the year.
|Number Of Employees||3,592|
|Median Property Value||$113,700|
The average household income in Madison, SD grew from $47,579 to $50,439 in the past year. This data is an estimate based upon 2,650 households in Madison, SD . The chart below presents how household income is distributed in Madison, SD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Madison, SD shifted from $110,100 to $113,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Madison, SD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Madison, SD properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Madison, SD compared to median property taxes around the country. The prevalent amount of property taxes in Madison, SD equals $1750, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$248,471||+42.1%|
During February 2023, the average price for an apartment in/near Madison, SD increased by 33.9% to $181,600.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $59,900. A 3-bed apartment goes for $152,733, it increased by 26.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 42.1% and made it up to $248,471.
|Listing Type||Feb||vs Last Month|
|Houses for sale||$181,600||+33.9%|
Price reports demonstrate that house price increased by 33.9% this month making it up to $181,600.