How much do homeowners pay a month in the Town of Madison, NY?
Homeowners with a mortgage in the Town of Madison, NY pay a median of $1,863 (±$122) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $792 (±$353).
52.1% of owned homes carry a mortgage.
In the Town of Madison, the median monthly cost with a mortgage went from $1,361 in 2015–2019 to $1,863 in 2020–2024 (+36.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,863 (±$122)
- Without a mortgage
- $792 (±$353)
- Owned with a mortgage
- 52.1%
Monthly owner costs in the Town of Madison
| Town of Madison | Madison County | New York | United States | |
|---|---|---|---|---|
| With a mortgage | $1,863 (±$122) | $1,615 (±$62) | $2,555 (±$9) | $1,963 |
| Without a mortgage | $792 (±$353) | $676 (±$21) | $958 (±$5) | $638 |
| Owned homes with a mortgage | 52.1% (±12.5 points) | 54.8% (±1.9 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $5,492 (±$1,551) | $4,181 (±$165) | $6,582 (±$21) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In the Town of Madison, the median cost with a mortgage is higher than in Madison County ($1,615).
It is also lower than in New York ($2,555).
It is not measurably different from the national figure ($1,963).
In Madison County, the Town of Madison ranks 3 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 248 of 999.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in the Town of Madison have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,361 (±$244) | $1,863 (±$122) | +36.9% | No measurable change after inflation |
| Median real estate taxes | $1,958 (±$530) | $5,492 (±$1,551) | +180.5% | Up after inflation |
| Median home value | $112,200 (±$36,321) | $196,900 (±$29,925) | +75.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near the Town of Madison
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Town of Madison | — | $1,863 (±$122) | — |
| Village of Madison | 0.7 mi | $1,350 (±$588) | Not measurably different |
| Village of Oriskany Falls | 3.7 mi | $1,309 (±$187) | Lower |
| Village of Hamilton | 5.2 mi | $2,147 (±$297) | Not measurably different |
| Town of Augusta | 5.9 mi | $1,340 (±$64) | Lower |
| Town of Sangerfield | 6.1 mi | $1,555 (±$95) | Lower |
| Town of Eaton | 6.6 mi | $1,242 (±$166) | Lower |
| Village of Waterville | 6.6 mi | $1,485 (±$139) | Lower |
| Town of Hamilton | 6.9 mi | $1,925 (±$124) | Not measurably different |
Nearby places with a measurably lower figure: Village of Oriskany Falls, NY ($1,309), Town of Augusta, NY ($1,340), Town of Sangerfield, NY ($1,555).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Madison County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Town of Cazenovia | $2,183 (±$236) |
| 2 | Town of Hamilton | $1,925 (±$124) |
| 3 | Town of Madison | $1,863 (±$122) |
| 4 | Town of Lincoln | $1,706 (±$220) |
| 5 | Town of Nelson | $1,698 (±$307) |
| 6 | Town of Fenner | $1,667 (±$269) |
| 7 | Town of Smithfield | $1,607 (±$181) |
| 8 | Town of Sullivan | $1,574 (±$97) |
| 9 | Oneida | $1,480 (±$96) |
Showing 9 of 16 places in Madison County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Madison include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Town of Madison
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Town of Madison beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Town of Madison, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Town of Madison, and send estimates and invoices from your phone.
Questions about Town of Madison
What is the average mortgage payment in the Town of Madison?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Town of Madison, NY is $1,863 (±$122) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in the Town of Madison?
Owners without a mortgage in the Town of Madison pay a median of $792 (±$353) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in the Town of Madison gone up?
In the Town of Madison, the median monthly cost with a mortgage went from $1,361 in 2015–2019 to $1,863 in 2020–2024 (+36.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison town, Madison County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Madison town, Madison County, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Madison town, Madison County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Madison town, Madison County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Madison town, Madison County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison town, Madison County, New York (county subdivision:44435, in state:36 county:053).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Madison at a glance
- Median rent in the Town of Madison
- Renters and owners in the Town of Madison
- Income and affordability in the Town of Madison
- Home values in the Town of Madison
- Property taxes in the Town of Madison
- Types of homes in the Town of Madison
- Bedrooms in the Town of Madison
- Age of homes in the Town of Madison
- Heating fuel in the Town of Madison
- Commute and cars in the Town of Madison
- Population growth in the Town of Madison
- New York landlord and tenant rules
- Housing across Madison County
- Housing data for every place in New York