Home Values

Madison County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$122,300

  • 2.9% 1-year change
  • 4.5% 1-year forecast

The median home value in Madison County is $122,300. Madison County home values have gone up 2.9% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in Madison County is $92, which is lower than the Syracuse Metro average of $92. The median price of homes currently listed in Madison County is $149,500 while the median price of homes that sold is $122,600.

Foreclosures will be a factor impacting home values in the next several years. In Madison County 4.1 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Madison County is 6.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Madison County homeowners underwater on their mortgage is 11.4%.

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Relative ZHVI
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Madison County Market Overview

Data through Dec 31, 2014
  • $122,300 ZHVI
  • 4.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $149,500 Median listing price
  • $122,600 Median sale price
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Madison County Market Health

Data through Dec 31, 2014
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.1 homes Madison County
4 homes United States
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Cities in Madison County

Name Median ZHVI
Town of Cazenovia $220,800
Town of Hamilton $164,600
Nelson $159,200
Name Median ZHVI
Town of Madison $123,600
Lenox $121,000
Lincoln $112,600
Name Median ZHVI
Eaton $107,800
Oneida $99,000
Canastota $89,000

Listings & Sales

Data through Dec 31, 2014
  • $92 Median list price / sq ft
  • $88 Median sale price / sq ft
  • 12.4% Listings with price cut
30.6%
Sold below listing
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Madison County Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,509 Madison County
    $1,379 Syracuse Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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