Housing data for Madison, SD
Madison, SD has an estimated 6,094 residents and 2,870 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Lake County.
39.8% of households rent.
The median gross rent is $981 a month.
Its population shrank measurably since 2015–2019 (−16.1%).
Figures last updated on .
- Residents
- 6,094 (±19)
- Housing units
- 2,870 (±130)
- Households that rent
- 39.8%
- Median gross rent
- $981
- Residents since 2015–2019
- −16.1%
What stands out in Madison
Homes in buildings of 5 or more units: 16.4% (±4.8 points) in Madison, higher than in Lake County (8.9%).
Households that rent: 39.8% (±6.0 points) in Madison, higher than in Lake County (26.2%).
Households that moved in since 2020: 33.0% (±6.6 points) in Madison, higher than in Lake County (24.8%).
Median home value: $193,100 (±$35,727) in Madison, lower than in Lake County ($247,600).
- Types of homes in Madison
- Renters and owners in Madison
- How long people stay in Madison
- Home values in Madison
Housing in Madison at a glance
- Median rent: $981 median gross rent a month
- Rent by bedrooms: $1,068 median gross rent, 2 bedrooms
- Rent burden: 51.5% of renters pay 30% or more of income
- Renters and owners: 39.8% of households rent
- Income and affordability: $65,593 median household income
- Home values: $193,100 median home value
- Homeowner costs: $1,278 median monthly cost with a mortgage
- Property taxes: $2,444 median real estate taxes a year
- Types of homes: 16.4% of homes are in buildings of 5 or more units
- Bedrooms: 53.4% of homes have 3 or more bedrooms
- Age of homes: 64.0% of homes were built before 1980
- Vacancy rate: 10.3% rental vacancy rate
- Heating fuel: 66.7% heat with utility gas
- Commute and cars: 11.4 minutes average trip to work
- Crime reported to police: 99 violent crimes per 100,000 residents
- Growth: −16.1% residents since 2015–2019
- How long people stay: 33.0% moved in since 2020
- Crowding and facilities: 0.5% of homes have more than 1 person per room
Madison against Lake County, its state and the nation
| Madison | Lake County | South Dakota | United States | |
|---|---|---|---|---|
| Residents | 6,094 (±19) | 10,972 (exact) | 907,428 (exact) | 334,922,499 |
| Housing units | 2,870 (±130) | 5,797 (±29) | 408,584 (±422) | 143,775,355 |
| Households that rent | 39.8% (±6.0 points) | 26.2% (±3.6 points) | 31.4% (±0.5 points) | 34.8% |
| Median gross rent | $981 (±$114) | $947 (±$88) | $946 (±$11) | $1,413 |
| Median household income | $65,593 (±$9,132) | $76,808 (±$7,301) | $75,081 (±$888) | $80,734 |
| Median home value | $193,100 (±$35,727) | $247,600 (±$21,400) | $257,400 (±$3,051) | $332,700 |
| Median real estate taxes (a year) | $2,444 (±$182) | $2,546 (±$167) | $2,724 (±$28) | $3,119 |
| Built before 1980 | 64.0% (±10.7 points) | 57.1% (±6.1 points) | 49.8% (±0.7 points) | 49.7% |
| Average commute | 11.4 minutes (±1.6) | 14.9 minutes (±1.2) | 17.8 minutes (±0.2) | 26.4 minutes |
| Households with broadband | 86.0% (±4.8 points) | 86.6% (±3.1 points) | 89.6% (±0.3 points) | 91.0% |
| Median age of residents | 40.1 years (±2.4) | 43.8 years (±0.6) | 38.0 years (±0.2) | 38.9 years |
Madison covers 4.6 square miles of land, about 1,320 residents per square mile (Census Bureau Gazetteer).
How Madison has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 7,261 (±25) | 6,094 (±19) | −16.1% | Measurable decrease |
| Housing units | 2,630 (±187) | 2,870 (±130) | +9.1% | Measurable increase |
| Median gross rent | $564 (±$99) | $981 (±$114) | +73.9% | Up after inflation |
| Median home value | $123,900 (±$27,148) | $193,100 (±$35,727) | +55.9% | No measurable change after inflation |
| Median household income | $55,096 (±$5,734) | $65,593 (±$9,132) | +19.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,181 (±$113) | $1,278 (±$254) | +8.2% | No measurable change after inflation |
| Median real estate taxes | $1,903 (±$126) | $2,444 (±$182) | +28.4% | No measurable change after inflation |
| Households that rent | 38.5% (±6.7 points) | 39.8% (±6.0 points) | +1.3 percentage points | Not a measurable change |
| Rental vacancy rate | 9.5% (±9.7 points) | 10.3% (±7.7 points) | +0.8 percentage points | Not a measurable change |
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.
Crime reported to police in Madison
In 2025, the Madison Police Department reported 99 violent and 890 property crimes per 100,000 residents to the FBI.
Across Lake County, the departments that report recorded 73 violent and 608 property crimes per 100,000 residents that year.
Places near Madison
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Lake View Township | 2.9 mi | $883 | $481,300 | 8.1% |
| Le Roy Township | 4.5 mi | — | $372,700 | 12.9% |
| Herman Township | 4.6 mi | — | $291,200 | 5.8% |
| Farmington Township (Lake County) | 5.7 mi | — | $267,600 | 0.0% |
| Wentworth | 7.2 mi | $808 | $83,300 | 17.5% |
| Franklin Township (Lake County) | 8.7 mi | — | $435,000 | 8.3% |
| Wentworth Township | 8.7 mi | $719 | $461,000 | 15.4% |
| Orland Township | 9.1 mi | — | $275,000 | 0.0% |
Places in South Dakota most like Madison
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Hot Springs | $897 | $202,600 | $66,338 | 37.7% |
| Watertown | $942 | $229,400 | $69,600 | 34.7% |
| Huron | $888 | $159,000 | $61,452 | 31.7% |
| Pierre | $983 | $230,700 | $77,672 | 31.4% |
| Mitchell | $851 | $192,200 | $58,620 | 43.4% |
| Chamberlain | $818 | $224,300 | $76,761 | 31.8% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across South Dakota.
HUD Fair Market Rent for Madison, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $804 | $882 | $1,154 | $1,375 | $1,929 |
HUD income limits for Madison, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,650 | $36,050 | $57,700 |
| 2 people | $24,750 | $41,200 | $65,950 |
| 3 people | $27,850 | $46,350 | $74,200 |
| 4 people | $33,000 | $51,500 | $82,400 |
| 5 people | $38,680 | $55,650 | $89,000 |
| 6 people | $44,360 | $59,750 | $95,600 |
| 7 people | $50,040 | $63,900 | $102,200 |
| 8 people | $55,720 | $68,000 | $108,800 |
These are the limits HUD sets for its housing programs in the Lake County, SD, where HUD’s median family income for fiscal year 2026 is $103,000.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Madison
What is the average rent in Madison, SD?
The Census Bureau publishes the median rather than the average: the median gross rent in Madison is $981 (±$114) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Madison?
The median gross rent for a one-bedroom home in Madison, SD is $833 (±$182) a month (2020–2024 American Community Survey).
Are renters in Madison rent-burdened?
51.5% of renting households in Madison pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Madison?
Madison has an estimated 1,024 (±168) renting households, 39.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Madison?
The median household income in Madison is $65,593 (±$9,132) a year (2020–2024 American Community Survey).
What is the average home value in Madison, SD?
The Census Bureau publishes the median: $193,100 (±$35,727) for owner-occupied homes in Madison (2020–2024 American Community Survey).
Is Madison growing?
In Madison, the number of residents went from 7,261 in 2015–2019 to 6,094 in 2020–2024 (−16.1%), a measurable decrease.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Madison city, South Dakota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison city, South Dakota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Madison city, South Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Madison city, South Dakota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Madison city, South Dakota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Madison city, South Dakota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Madison city, South Dakota
- HUD Fair Market Rents, fiscal year 2027: Lake County, SD
- HUD Income Limits, fiscal year 2026: Lake County, SD
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Madison Police Department (ORI SD0390100)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Madison city, South Dakota (place:40220, in state:46).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .