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Madison, SD Homes for Sale

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  • /6

    $130,000

    $30K PRICE DROP
    • Land
    • 2.62 Acres
    • $49,584 per Acre

    1235 Pelican Point Rd, Madison, SD 57042

    EXCLUSIVE BUILDER DISCOUNT OF $30,000.00. Spacious country lot near the Madison Country Club and Lake Herman. Build your dream home on this +/- 2.5-acre lot all with views of the country landscape just off an oil road. Enjoy the serenity of the county while being only minutes from town. All lots are connected to public roads with utilities available. Buyer is responsible for hookup fees and

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    1235 Pelican Point Rd, Madison, SD 57042
  • /46

    $525,000

    $25K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 3,216 Sq Ft

    915 Jennifer St, Madison, SD 57042

    Welcome to this spacious and versatile multi-level home, ideally located in a highly desirable neighborhood! Built in 1984, this property offers multiple living spaces and a functional layout perfect for everyday living and entertaining. Step inside to the main level living room, filled with natural light and a welcoming feel. Just a few steps up, you’ll find a second living area along with the

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    915 Jennifer St, Madison, SD 57042
  • /45

    $259,900

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 2,086 Sq Ft

    512 N Division Ave, Madison, SD 57042

    Step into timeless style and comfort with this beautifully maintained midcentury modern ranch, perfectly situated in a highly desirable neighborhood. This well cared for home blends classic design with thoughtful updates, offering both charm and peace of mind. Recent improvements include updated windows, water heater, drain tile system, and shingles, ensuring durability and efficiency for years

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    Adam Foland

    EXIT Realty Advantage

    512 N Division Ave, Madison, SD 57042
  • /28

    $399,999

    $25K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,405 Sq Ft

    912 Jennifer St, Madison, SD 57042

    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

    Brad Benson

    Signature Realty Group LLC

    912 Jennifer St, Madison, SD 57042
  • /18

    $89,900

    • 3 Beds
    • 1 Bath
    • 1,208 Sq Ft

    607 NE 4th St, Madison, SD 57042

    Conveniently located less than half a mile from Dakota State University, this ranch-style home offers an excellent opportunity for first-time homebuyers, investors, or anyone looking for an affordable home with practical living space. Featuring 3 bedrooms, a 3/4 bathroom, and 1,208 finished square feet, the home offers a functional layout with comfortable everyday living. Inside, you'll find a

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    607 NE 4th St, Madison, SD 57042
  • /9

    $399,900

    • Land
    • 11,064 Sq Ft
    • $1,574,409 per Acre

    0 Tbd Crescent Ln Ln, Madison, SD 57042

    Large Lake Front Lot on beautiful Lake Madison! A prime location with nearly 284 feet of shoreline!! Located Right off Highway 34 and a mere 35 minutes to Sioux Falls or Brookings!! Area will soon be home to a brand new beautiful development ! Bring your plans and build your dream home!!!

    Agent Photo

    Callie Wockenfuss

    Real Estate Retrievers of Sioux Falls

    0 Tbd Crescent Ln Ln, Madison, SD 57042
  • /19

    $79,900

    • Land
    • 1.18 Acres
    • $67,620 per Acre

    2140 Harvest Creek Ln Ln, Madison, SD 57042

    Peaceful country living, open views, no back yard neighbors and no HOA! This lot is located near Lake Herman and its public boat landing, near Madison Country Club and minutes from town! Enjoy the Freedom of living in the country but less than 10 minutes from the convenience of town amenities!

    Agent Photo

    Adam Foland

    EXIT Realty Advantage

    2140 Harvest Creek Ln Ln, Madison, SD 57042
  • /67

    $939,900

    • 4 Beds
    • 4 Baths
    • 3,066 Sq Ft

    120 Linden Dr, Madison, SD 57042

    Premier property at Woodland Marina on Lake Madison, where you have quick access to the wide open space of the lake or enjoy a relaxed setting on the calm water of the marina. Impeccably maintained by the original owner, this ranch walkout offers a perfect blend of space & easy maintenance. Peaceful view of the water through the wall of windows at the back of the living room greets you upon

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    Kory Davis

    The Experience Real Estate

    120 Linden Dr, Madison, SD 57042
  • /29

    $509,000

    $190K PRICE DROP
    • 6,800 Sq Ft

    203 Egan Ave N, Madison, SD 57042

    Prime Commercial Building and Restaurant in Madison, SD! Unlock endless potential with this turnkey business conveniently located right on Egan Ave of Madison, SD! This property boasts everything that you need in a sports bar and grill. It has a full kitchen, large dining space, recreation space including dart boards, pool table, couches for relaxing with friends and video lottery room. Liquor

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    203 Egan Ave N, Madison, SD 57042
  • /33

    $259,999

    $9K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,793 Sq Ft

    321 NW 4th St, Madison, SD 57042

    Take a look at this charming 4-bedroom, 2-bath property that offers the comfort, space, and character you’ve been looking for. From the moment you arrive, you’ll appreciate the inviting curb appeal, highlighted by mature boulevard trees and a welcoming wraparound deck—perfect for enjoying quiet mornings or entertaining guests. Inside, a generous foyer provides a warm welcome and flows seamlessly

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    Christopher Fellerman

    Hegg, REALTORS

    321 NW 4th St, Madison, SD 57042
  • /36

    $119,900

    $5K PRICE DROP
    • Land
    • 1.4 Acres
    • $85,765 per Acre

    0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042

    Spacious lot with expansive open views of the countryside! Next door to the Madison Country Club and Lake Herman makes this the perfect recreational oasis! This lot features +/-1.39 acres on all hard surface roads, (No Gravel). HOA covers snow removal and maintenance of shared concrete road. Grab your spot and plan your future!

    Agent Photo

    Adam Foland

    EXIT Realty Advantage

    0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042
  • /6

    $369,900

    • Land
    • 10,537 Sq Ft
    • $1,529,144 per Acre

    0 Tbd Crescent Ln Ln, Madison, SD 57042

    Large Lake Front Lot on beautiful Lake Madison! A prime location with nearly 100 feet of shoreline!! Located Right off Highway 34 and a mere 35 minutes to Sioux Falls or Brookings!! Area will soon be home to a brand new beautiful development ! Bring your plans and build your dream home!!!

    Agent Photo

    Callie Wockenfuss

    Real Estate Retrievers of Sioux Falls

    0 Tbd Crescent Ln Ln, Madison, SD 57042
  • /65

    $1,295,000

    $100K PRICE DROP
    • 5 Beds
    • 3.5 Baths
    • 4,344 Sq Ft

    45054 233rd St, Madison, SD 57042

    Discover the perfect balance of luxury, space, and country living in this exceptional five-bedroom home situated on more than 30 picturesque acres, just minutes from Madison and the Madison Country Club. Thoughtfully designed with modern finishes throughout, the home offers expansive views in every direction and a setting that provides both privacy and convenience. The spacious primary suite

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    45054 233rd St, Madison, SD 57042
  • /8

    $699,900

    • 3 Beds
    • 2 Baths
    • 1,774 Sq Ft

    23346 451st Ave, Madison, SD 57042

    Welcome to this stunning new construction ranch-style home offering modern finishes, quality craftsmanship, and an unbeatable location near the Madison Country Club with beautiful views of Lake Herman. Currently under construction with an estimated completion date of 9/15/2026, this home presents an incredible opportunity to own a brand-new property in one of the Madison area’s most desirable

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    23346 451st Ave, Madison, SD 57042
  • /40

    $474,900

    • 3 Beds
    • 3 Baths
    • 2,612 Sq Ft

    1025 Heritage Dr, Madison, SD 57042

    Welcome home to this beautifully updated walkout ranch nestled in a well-established and highly desirable neighborhood. From the pristine lawn and mature shade trees to the extensive landscaping, this property offers outstanding curb appeal and a peaceful setting you’ll appreciate year-round.Inside, you’ll find an inviting open floor plan designed for comfortable living and entertaining. The

    Agent Photo

    Adam Foland

    EXIT Realty Advantage

    1025 Heritage Dr, Madison, SD 57042
  • /3

    $89,900

    • Land
    • 34,821 Sq Ft
    • $112,459 per Acre

    0 S Tbd 2nd St St, Madison, SD 57042

    Prime opportunity in a growing area of Madison! This ±0.80-acre lot is ideally located just minutes from downtown, offering excellent accessibility and visibility. Zoned Light Manufacturing, this property opens the door to a wide range of potential uses—perfect for a shop, warehouse, storage, or small business operation. With convenient access to main roads and nearby commercial activity, this

    Agent Photo

    Sarah Cronin

    Signature Realty Group LLC

    0 S Tbd 2nd St St, Madison, SD 57042
  • /36

    $364,900

    $15K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,017 Sq Ft

    1120 Cypress Ave, Madison, SD 57042

    Welcome to this beautifully designed 4-bedroom, 3-bathroom home located in the highly sought-after Cyber Estates neighborhood. Built in 2022 and situated on a desirable corner lot, this home offers modern finishes, functional space, and move-in ready convenience.The main level features an open-concept layout with a bright and inviting living area that flows seamlessly into the kitchen and

    Agent Photo

    Brandon Burg

    Signature Realty Group LLC

    1120 Cypress Ave, Madison, SD 57042
  • /46

    $289,897

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,586 Sq Ft

    23301 448th Ave, Madison, SD 57042

    Escape the limits of city living and discover the kind of freedom that’s becoming harder and harder to find. Enjoy calming wide open views of fields and breathtaking sunsets, this country property offers the lifestyle so many dream about — room to roam, space to breathe, and the freedom for you, your kids, and your pets to truly enjoy everyday life without the restrictions often found within city

    Agent Photo

    Adam Foland

    EXIT Realty Advantage

    23301 448th Ave, Madison, SD 57042
  • /26

    $239,999

    • 6 Beds
    • 2 Baths
    • 1,898 Sq Ft

    712 N Summit Ave, Madison, SD 57042

    Welcome to this spacious and charming 6-bedroom, 2-bath home in Madison, SD! Featuring beautiful hardwood floors throughout the main level, this well-maintained property offers excellent versatility for homeowners and investors alike.Ideally located near Dakota State University (DSU), the home is perfectly suited as a primary residence or a strong rental opportunity for students or

    Agent Photo

    Christopher Fellerman

    Hegg, REALTORS

    712 N Summit Ave, Madison, SD 57042
  • /12

    $79,900

    $20K PRICE DROP
    • 4 Beds
    • 1 Bath
    • 1,280 Sq Ft

    412 SW 2nd St, Madison, SD 57042

    Investment opportunity in Madison! This four-bedroom, one-bathroom residence offers opportunity for rental income or value-add renovation. The home features convenient main-floor laundry and a functional layout. Located just a short distance from downtown, the property provides easy access to shopping, dining, and local amenities—an appealing option for tenants. Property is being sold AS IS.

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    Julie Jones

    Signature Realty Group LLC

    412 SW 2nd St, Madison, SD 57042
  • /5

    $179,900

    • Land
    • 25,378 Sq Ft
    • $308,788 per Acre

    0 Tbd Dakota Ave Ave, Madison, SD 57042

    New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

    Agent Photo

    Brad Benson

    Signature Realty Group LLC

    0 Tbd Dakota Ave Ave, Madison, SD 57042
  • /5

    $169,900

    • Land
    • 21,061 Sq Ft
    • $351,396 per Acre

    0 Tbd Dakota Ave Ave, Madison, SD 57042

    New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. All you need to do is bring your plans or they have building

    Agent Photo

    Brad Benson

    Signature Realty Group LLC

    0 Tbd Dakota Ave Ave, Madison, SD 57042
  • /5

    $159,900

    • Land
    • 16,570 Sq Ft
    • $420,347 per Acre

    0 Tbd Dakota Ave Ave, Madison, SD 57042

    New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

    Agent Photo

    Brad Benson

    Signature Realty Group LLC

    0 Tbd Dakota Ave Ave, Madison, SD 57042
  • /28

    $164,900

    • 5 Beds
    • 2 Baths
    • 1,934 Sq Ft

    109 NE 4th St, Madison, SD 57042

    Spacious 5-bedroom, 2-bath home offering plenty of room for a growing family, rental income potential, or investment opportunity. This property has seen extensive updates, including all new windows, siding, roof, flooring throughout, front deck, front entry door, sliding patio door, appliances, updated bathroom, and an updated electrical panel.The generous floor plan provides abundant living

    Agent Photo

    Adam Foland

    EXIT Realty Advantage

    109 NE 4th St, Madison, SD 57042
  • /17

    $192,500

    $3K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    6114 Dakota Ave, Madison, SD 57042

    Affordable rustic cabin with views of Lake Madison! This lakeview corner-lot property offers quick access to Johnson's Point, just minutes from your front door, while providing convenient space for your lake toys and recreational equipment. Inside, you'll find original hardwood flooring in the living and dining rooms, complemented by charming pine walls that create a warm cabin atmosphere. With

    Agent Photo

    Julie Jones

    Signature Realty Group LLC

    6114 Dakota Ave, Madison, SD 57042
  • /17

    $69,999

    $10K PRICE DROP
    • Land
    • 10,907 Sq Ft
    • $279,549 per Acre

    813 Harter Dr, Madison, SD 57042

    Location! Location! No HOA! Build your dream home in Madison's newest development, "The Reserve"! Located in popular NE Madison! Lots are various sizes up to 1/2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    813 Harter Dr, Madison, SD 57042
  • /17

    $69,999

    $10K PRICE DROP
    • Land
    • 13,660 Sq Ft
    • $223,211 per Acre

    912 Harter Dr, Madison, SD 57042

    Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    912 Harter Dr, Madison, SD 57042
  • /17

    $69,999

    $10K PRICE DROP
    • Land
    • 13,163 Sq Ft
    • $231,631 per Acre

    935 Cir, Madison, SD 57042

    Location! Location! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    935 Cir, Madison, SD 57042
  • /17

    $49,999

    $10K PRICE DROP
    • Land
    • 9,260 Sq Ft
    • $235,179 per Acre

    916 Harter Dr, Madison, SD 57042

    Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    916 Harter Dr, Madison, SD 57042
  • /17

    $60,000

    $10K PRICE DROP
    • Land
    • 12,458 Sq Ft
    • $209,790 per Acre

    612 Harter Dr Dr, Madison, SD 57042

    Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

    Brenda Thompson Signature Realty Group LLC

    612 Harter Dr Dr, Madison, SD 57042
  • /17

    $60,000

    $10K PRICE DROP
    • Land
    • 12,458 Sq Ft
    • $209,790 per Acre

    602 Harter Dr Dr, Madison, SD 57042

    Attention Investors! Build a twinhome in Madison’s newest development, The Reserve, with land costs of only $35,000 per side!

    Brenda Thompson Signature Realty Group LLC

    602 Harter Dr Dr, Madison, SD 57042
  • /67

    $234,900

    • 4 Beds
    • 2 Baths
    • 1,958 Sq Ft

    121 N Liberty Ave, Madison, SD 57042

    Welcome to this spacious 2-story home situated on a desirable corner lot! Featuring 4 bedrooms, 2 bathrooms, and a 3-stall garage, this property offers plenty of space for comfortable living, storage, and hobbies. Mature trees provide abundant shade, creating a peaceful outdoor setting, while the wonderful covered deck is the perfect place to relax or entertain family and friends. Whether you're

    Josh Fiedler Amy Stockberger Real Estate

    121 N Liberty Ave, Madison, SD 57042
  • /47

    $550,000

    $10K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 1,840 Sq Ft

    815 Heatherwood Ave, Madison, SD 57042

    Better than new! Built in 2021, this impeccably maintained 3BR/3BA ranch in desirable NE Madison combines modern sophistication with incredible expansion potential. The open-concept main level is anchored by a gourmet chef’s kitchen featuring premium granite countertops, stainless appliances, farmhouse sink, and a massive social island. The layout flows into a sun-drenched living area,

    Angela Peters EXIT Realty Advantage

    815 Heatherwood Ave, Madison, SD 57042
  • /17

    $89,999

    $10K PRICE DROP
    • Land
    • 27,834 Sq Ft
    • $140,844 per Acre

    941 Harter Dr, Madison, SD 57042

    Location! Location! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    941 Harter Dr, Madison, SD 57042
  • /22

    $441,500

    $7K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 1,814 Sq Ft

    1127 Cyber Ct, Madison, SD 57042

    $10K ANYTHING ALLOWANCE. New Construction in a desirable neighborhood! This home offers an impressive and welcoming entrance. The open floor plan and striking staircase create an immediate sense of style. Spanning over 1,800 square feet across multiple levels, the layout includes three bedrooms on the same level for convenience. The oversized garage provides ample storage space, complemented by

    Lori Hansen Signature Realty Group LLC

    1127 Cyber Ct, Madison, SD 57042
  • /43

    $1,775,000

    $100K PRICE DROP
    • 6 Beds
    • 5 Baths
    • 5,220 Sq Ft

    6000 Marrs Beach Cir, Madison, SD 57042

    Now is the moment to secure your place on the lake. With waterfront opportunities becoming increasingly rare, this exceptional Lake Madison retreat offers the lifestyle—and value—buyers are seeking today. Perched along the shores of beautiful Lake Madison, this stunning home delivers 5,460 finished square feet of refined lakeside living with 6 bedrooms and 5 bathrooms, thoughtfully designed for

    Eric Harms Hegg, REALTORS

    6000 Marrs Beach Cir, Madison, SD 57042
  • /40

    $599,900

    • 8,900 Sq Ft

    1407 NW 2nd St, Madison, SD 57042

    Nicky's Restaurant and Lounge is looking for a new owner! For 50 years this place has been the local spot for great food, great drinks, & the best spot in town for hosting large gatherings with meeting rooms to accommodate any size party! This venue help weekly and monthly functions and has the capacity to expand! With over 8900 sq ft of space there is room for just about anything! If you're

    Justin Garry Hegg, REALTORS

    1407 NW 2nd St, Madison, SD 57042
  • /17

    $89,999

    $10K PRICE DROP
    • Land
    • 24,546 Sq Ft
    • $159,714 per Acre

    929 Harter Dr, Madison, SD 57042

    Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    929 Harter Dr, Madison, SD 57042
  • /74

    $699,900

    $50K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,568 Sq Ft

    200 Best Point Dr, Madison, SD 57042

    One of the best views of the lake from the south shore of Lake Madison are on this lot! The home is a 3 bed, 2 bath, 2 stall ranch walkout with a crawl space! The home has an open floor plan and split bedrooms! Out the back slider door is a wonderful backyard leading to the lake front. Across the road is a backlot that is ready for anything! You name it! Bunkhouse, additional garage, or whatever

    Justin Garry Hegg, REALTORS

    200 Best Point Dr, Madison, SD 57042
  • /17

    $69,999

    $10K PRICE DROP
    • Land
    • 13,647 Sq Ft
    • $223,425 per Acre

    932 Harter Dr, Madison, SD 57042

    Location! Location! No HOA! Build your dream home in Madison’s newest development, “The Reserve”! Located in popular NE Madison! Lots are various sizes up to 1⁄2 acre within city limits with curb/gutter and blacktop road! Pick your lot today!

    Brenda Thompson Signature Realty Group LLC

    932 Harter Dr, Madison, SD 57042

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Why Live in Madison

Madison, located in Lake County, South Dakota, is a small city known as "the Heart of the Prairie," situated between Lake Madison and Lake Herman, approximately 50 miles northwest of Sioux Falls. With a population of about 6,200, Madison is home to Dakota State University, which significantly influences the local culture and economy. The city features a mix of vintage architecture, ranch-style homes, and contemporary residences, with newer twin homes in the northeast. Madison's downtown along Egan Avenue hosts small businesses, dining options like Prime Time Tavern and Los Tapatios, and entertainment venues such as Dakota Cinema. The city offers various community events, including the MadTown summer series and the Prairie Village Steam Threshing Jamboree. Outdoor amenities include Baughman/Belatti Park, the Gerry Maloney Nature Area, and the Madison Aquatic Center. Nearby Lake Herman State Park and Walker's Point Recreation Area provide opportunities for biking, birdwatching, and boating. Madison's public schools on Ninth Street receive high ratings, and the city also has private school options. The DSU campus offers public amenities like the Madison Community Center and the Dakota Prairie Playhouse. Madison is accessible via State Route 34, U.S. Route 81, and State Route 19, with East Dakota Transit Inc. providing shuttle services.

Frequently Asked Questions

What is the average home price in Madison, SD?
Homes for sale in Madison, SD have an average home price of $257,129.
Are home prices dropping in Madison?
Yes, home prices in Madison are down 1% in the last 12 months.
How many homes have sold over the last 12 months in Madison, SD?
88 homes have sold in Madison, SD over the last 12 months.
What is the average household income in Madison, SD?
The average household income in Madison, SD is $71K.
What are the most popular zip codes in Madison, SD?
The most popular zip codes in Madison, SD include 57042, 57075, 57016, 57017 and 57018.
How much do you need to make to afford a house in Madison?
The median home price in Madison is $249,800. If you put a 20% down payment of $50,000 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $1,250 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Madison. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Madison is $71K.
How are the schools in Madison, SD?
Madison, SD has highly rated public and private schools. Some of the best schools in Madison based on Niche Grades are Madison Elementary School, Madison High School and Madison Middle School. Browse all the schools in Madison, SD to learn more.

Home Price Trends

Median Sale Price
$235,500
Median Single Family Sale Price
$230,450
Median Townhouse Sale Price
$281,800
Median 2 Bedroom Sale Price
$182,450
Median 1 Bedroom Sale Price
$368,000
Average Price Per Sq Ft
$161
Number of Homes for Sale
23
Last 12 months Home Sales
88
Months of Supply
3.10
Median List Price
$249,800
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-8%
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