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Median Home Price in Madison, SD

The median home value in Madison, SD is $270,183 as of 2026-06-30, up 2.12% from a year earlier.

Median Home Value

$270,183

Year-over-Year

+2.12%

Population

6,069

Madison ranks #13 of 16 South Dakota cities tracked here by median home value, and sits 16.4% below the state's city median of $323,132. It sits in Lake County, where the county-wide median is $317,893.

Crime in Madison

Madison police recorded a violent crime rate of 148 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 791 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Madison

How much does a house cost in Madison, SD?

The median home value in Madison is $270,183. That's up 2.12% from a year earlier. That is about 16.4% below the typical county in South Dakota.

Is Madison expensive compared to the surrounding area?

Homes in Madison are cheaper than Lake County as a whole, where the median is $317,893 — a difference of about 15.0%.

Is Madison a safe place to live?

Madison police reported 148 violent crimes per 100,000 residents, covering a population of about 6,069. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.

Cities with similar home prices in SD

Watertown · Pierre · Yankton · Vermillion · Mitchell · Aberdeen · Huron