Affordable & Income-Based Housing in Madison

Affordability in Madison, IN

According to Census ACS 5-Year data (as of 2024), the median gross rent in Madison is $820 per month, against a median household income of $61,183 per year. About 38% of households in Madison rent their home, reflecting a meaningful renter community in this small city.

The 7 HUD-assisted and income-restricted properties in Madison represent a key resource for renters whose incomes fall below area median limits, offering rents set below what the private market typically charges.

Safety

No violent crime rate figure is available for Madison in FBI Crime Data Explorer at this time. For local public safety information, the Madison Police Department and Jefferson County Sheriff's Office are good starting points.

• Flood risk: None of the 7 HUD-assisted properties in Madison are mapped in a high-risk flood zone, according to HUD property data.

Getting Around Madison

According to Walk Score, the area around assisted properties in Madison scores 37 out of 100 (Car-Dependent), with a Bike Score of 23 out of 100. No Transit Score is available. Most errands and trips will likely require a personal vehicle.

Schools

According to NCES Common Core of Data, 1 school district serves Madison, with 5 public schools in total -- 3 elementary, 1 middle, and 1 high school. Ratings vary by school, so renters should check the assigned schools for a specific address before applying.

Cost of Living in Madison, IN

The median household income in Madison is $61,183 per year, according to Census ACS 5-Year data. The median market rent is $820 per month, also per Census ACS 5-Year estimates.

Income-based housing in Madison is designed to keep rent affordable relative to what a household earns. Rents at HUD-assisted and LIHTC properties are typically set as a percentage of area median income, which can make them significantly lower than the median market rate above.

Environment and Flood Risk

All 7 HUD-assisted properties in Madison were mapped for flood zone exposure. None of the 7 fall within a high-risk flood zone, suggesting low flood exposure across the city's assisted housing stock.