Why Live in Madison
Madison, a small town in North Carolina, is located 30 miles north of Greensboro and Winston-Salem. The walkable downtown district, centered around South Market Street, features an eclectic mix of stores, including antique shops, boutiques, and cafes. Recent revitalization efforts have breathed new life into historic brick buildings, attracting new businesses like a brewery and a coffee shop. Madison Dry Goods, a country store dating back to 1908, remains a popular destination for antiques and artisanal goods. The town offers outdoor recreation along the Dan and Mayo Rivers, with activities such as kayaking, swimming, and fishing at Madison River Park. Idol Park and Boneyard Archery are other local attractions. The Madison-Mayodan Recreation Department provides various programs, including youth and adult sports, summer camps, and senior workshops. Housing in Madison includes historic single-family homes, ranch-style homes from the '60s and '70s, and newer constructions on the outskirts. Commuting to nearby metropolitan areas like High Point, Greensboro, and Winston-Salem is convenient, with US Highway 311 and Interstate 73 reducing travel times. Rockingham County Schools serve the area, with schools earning high ratings and offering a range of extracurricular activities. Madison's community spirit is evident in its seasonal events, such as the Christmas Tree Lighting, Downtown Trick-or-Treat, and the Spring Into Madison and Fall for Madison festivals, which feature local artisans, vendors, and live music.
Frequently Asked Questions
What is the average home price in Madison, NC?
Homes for sale in Madison, NC have an average home price of $286,768.
Are home prices dropping in Madison?
Yes, home prices in Madison are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Madison, NC?
91 homes have sold in Madison, NC over the last 12 months.
What are the most popular zip codes in Madison, NC?
How much do you need to make to afford a house in Madison?
The median home price in Madison is $279,900. If you put a 20% down payment of $56,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,450 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $62K a year to afford the median home price in Madison.
How are the schools in Madison, NC?
Home Trends in Madison, NC
On average, homes in Madison, NC sell after 55 days on the market compared to the national average of 51 days. The median sale price for homes in Madison, NC over the last 12 months is $244,000, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$244,000
Median Single Family Sale Price
$275,000
Median Townhouse Sale Price
$175,000
Average Price Per Sq Ft
$166
Number of Homes for Sale
23
Last 12 months Home Sales
91
Median List Price
$279,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-4%
