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Madison

Madison

Located in Lake County

$249,606 Average Value
$179 Average Price per Sq Ft
35 Homes For Sale

Madison is in Lake County, in the heart of the prairie

Madison, the seat of Lake County, is between Lake Madison and Lake Herman and about 50 miles northwest of Sioux Falls . Madison's slogan, "the Heart of the Prairie," fits the location. "It's within the Prairie Pothole Region, which has wetlands, lakes and rolling hills," says Chere Rosa de Sharon, a broker and the owner of Hi-Tech Realty, who is assisting in expanding HomeSmart Adventure Realty. According to U.S. Census estimates, the population is about 6,200.

Madison is also home to Dakota State University (DSU), a public educational establishment with more than 3,700 students, about 1,400 attending classes in person. "So, it's a lake town and it's a college town," Rosa de Sharon says. Education has played a large role in the town's history; nicknamed the City of Schools and Churches, Madison had the territory's first teacher-education school, a precursor to DSU. There's a long tradition of churches, with various denominations represented.

Vintage architecture, ranch-style and contemporary homes

Madison's residential streets are walkable, mainly in an even grid pattern. Sidewalks are set a bit back from the road, leaving room for a tree or two in front of small yards. Some streets have alleys between them, and there's a winding multiuse trail near South Egan Avenue. Driveways and garages are the norm.

Older homes, found throughout central Madison, include historical architectural styles like Victorian and Dutch Colonial. Ranch-style homes have been common since the mid-20th century, followed by contemporaries. Homes built in the 2020s are concentrated in the northeast part of town. These include twin homes reminiscent of duplexes, though each side usually has a separate owner. Overall, home prices typically range from about $150,000 to $420,000. Homes by Lake Madison are more expensive. "Year-round residents are in town, and seasonal residents — vacationers and second-home owners — are around Lake Madison," Rosa de Sharon says.

Though not common in Madison, tornadoes are a risk in the region. Five magnitude 2 tornadoes have been reported within 10 miles of Madison since the 1950s. Madison generally doesn't have a high flood risk, though a few parts are more susceptible, including the area south of Fourth Street in the vicinity of Silver Creek.

Downtown stores and dining, grocery stores and a movie theater

Madison's downtown along Egan Avenue has a focus on small businesses, such as Four Seasons Flea Market, Berry Fast Bicycles and Unlock Madison, which offers escape room challenges and axe throwing. Restaurants include steakhouse Prime Time Tavern, Los Tapatios Mexican restaurant and Country Café for homestyle meals, pies and baked goods. Options for groceries include Sunshine Foods, DG Market and Tienda Mama. On the northwest side of Madison, Dakota Cinema shows first-run films.

Events downtown, at the community center and in Prairie Village

Downtown in MadTown is a six-week summer event and concert series with nights themed after things like classic cars, agriculture and DSU. Other events include Easter on Egan, MadTown Bike Day in May and the Prairie Village Steam Threshing Jamboree in August, which celebrates vintage farming practices. Prairie Village, about 2 miles west of Madison, features a recreation of a turn-of-the-century main street, a steam-powered carousel with hand-carved horses and locomotive rides on the Prairie Village Herman & Milwaukee Railroad. In addition to the Jamboree, the village hosts antique tractor pulls, a Fourth of July fireworks show, Opera House concerts and bull riding tours.

Madison has community parks, an aquatic center and nature trails

Madison's outdoor amenities include Baughman/Belatti Park, which has a playground, sports fields and a disc golf course. The Gerry Maloney Nature Area has looped prairie and woodland trails. Other Madison highlights are Totland Park, community garden plots and the Madison Aquatic Center, which has indoor and outdoor features.

Lake Herman State Park and Walker's Point Recreation Area at Lake Madison are within a short drive. Biking, birdwatching, boating and canoeing are popular activities on the lakes.

All grades covered at Madison's three public schools on Ninth Street

Students may attend public schools in the Madison Central School District, which has all its schools on Ninth Street. The elementary school is within a mile of the combo middle and high school building. Madison Elementary School earns a B grade from Niche, and Madison Middle School and Madison High School receive B-minus grades. High school students can enroll in courses for college credit through schools such as DSU and South Dakota State University, which is in Brookings. Madison Christian School and St. Thomas School are private options for prekindergarten through fifth grade.

Dakota State University's campus and its public amenities

Students moving on to Dakota State University have over 45 undergraduate majors to choose from. The university also offers several graduate degrees and has over a dozen official sports teams. The campus, about 80 acres, is also a significant job site, employing over 180 faculty, adjuncts and graduate assistants and more than 250 professional staffers.

Some amenities are open to the public. "Our Madison Community Center is frequently used by the public and is a shared facility between the university and the city of Madison. The library is open to the public as well," says Andrew Sogn, DSU's chief marketing officer. Also on campus are the Dakota Prairie Playhouse and the Beacom PREMIER Complex, a state-of-the-art athletic facility with a football stadium. DSU operates summer camps for youth and adults.

Nearby highways and East Dakota Transit Inc.

Although the town itself is pretty walkable, people usually drive over long distances. State Route 34 passes through Madison to the south, U.S Route 81 is to the north and west and there's access to state Route 19 to the southeast. East Dakota Transit Inc. provides shuttle service by reservation.

Snow is part of winter here, and the city has designated emergency snow routes for priority plowing. Vehicles cannot remain parked on those routes when there is over two inches of snow. Additionally, snow and ice must be removed from residential properties within 24 hours.

Robin Silberman
Written By
Robin Silberman

Interested in learning more about homes in this area? Reach out to Chris Chase, an experienced agent in this area.

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Madison Housing Trends

Housing Trends

Median List Price
$249,800
Median Sale Price
$240,000
Median Single Family Sale Price
$259,900
Median Townhouse Sale Price
$250,050
Median 2 Bedroom Sale Price
$185,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
51
Median Home Sale Price YoY Change
43%
Average Price Per Sq Ft
$179

Area Facts

Number of Homes
902
Number of Homes for Sale
35
Median Year Built
1955
Months of Supply
8.20
Average Single Family Home Size Sq Ft
1,746
Below the national average
1,926
Average Townhouse Size Sq Ft
1,419
Average 2 Bedroom Size Sq Ft
1,429
Median Lot Size Sq Ft
10,018

Open Houses

  • Sunday, Oct 12
    Open Sun 1PM - 2:30PM

    509 Division Ave N, Madison, SD 57042

    $265,000

    • 3 Beds
    • 2 Baths
    • 1,855 Sq Ft
    • 509 Division Ave N
    • New 7 days ago

    Well-Maintained 3-Bedroom Ranch in a Great Location!This charming single-family ranch-style home offers comfort, practicality, and a location you’ll love. The main floor features 3 spacious bedrooms and a full bathroom, making it perfect for easy, one-level living. An additional 3/4 bathroom is located in the basement, offering added convenience and flexibility.Come outside and

    Agent Photo
    Brandon Burg
    Signature Realty Group LLC
    (605) 315-3860
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  • Sunday, Oct 12
    Open Sun 1PM - 2:30PM

    912 Jennifer St, Madison, SD 57042

    $425,000

    • 3 Beds
    • 3 Baths
    • 2,405 Sq Ft
    • 912 Jennifer St
    • New 15 days ago

    Welcome to your dream home! This Luxurious custom-built 3-bedroom, 3-bath residence offers living at its finest with a desirable location in the coveted Northeast part of Madison. As you pull up to the home, you will immediately notice the custom feel and welcoming covered front porch! Features include a spacious master bedroom with a luxurious 3/4 ensuite bathroom for ultimate comfort. A

    Agent Photo
    Christopher Fellerman
    Signature Realty Group LLC
    (605) 674-3933
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  • Saturday, Oct 11
    Open Sat 9AM - 10AM

    514 N Chicago Ave N Ave, Madison, SD 57042

    $184,990

    • 3 Beds
    • 1 Bath
    • 1,305 Sq Ft
    • 514 N Chicago Ave N Ave
    • New 18 days ago

    Classic charm, modern amenities, and excellent location. This well-maintained 1924-built home offers a generous lot, functional living space, and a spacious workshop-equipped garage—all within walking distance to schools. It blends timeless appeal with practical comforts, from updated flooring and appliances to efficient heating and cooling. With recent price adjustment and attractive financing

    Larry Mullinix Amy Stockberger Real Estate

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Madison Has More Owners

Demographics

Total Population
6,061
Median Age
35
Population Density
45 ppl/acre
Population under 18
25.3%
On par with the national average
23.8%
Population over 65
18.8%
On par with the national average
19.1%

Finances

Median Household Income
$59,038
Below the national average
$71,702
Average Household Income
$71,414

Education and Workforce

High School Graduates
89.9%
College Graduates
31.7%
Advanced Degrees
9.9%
On par with the national average
13.3%
% Population in Labor Force
71.2%
Above the national average
65.1%

Weather

Annual Precipitation
26''
Average Winter Low Temperature
5°F
Average Summer High Temperature
83°F
Annual Snowfall
28''

Area Factors

Somewhat Bikeable

Bike Score®®

45 / 100

Somewhat Walkable

Walk Score®®

64 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Madison
Chris Chase
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