House Prices

House Prices & Home Values Madison, MN 2026


Average Data

average house price$104,200
average size per house1852 ft²
average price per ft²57 $ / ft²

06/30/2026 - The value range (VR) for house prices in Madison, MN is $59/ sqft to $59/ sqft. An average home with 1852 sqft costs approximately $109,268 to $109,268. Madison, MN includes 1 ZIP codes and it is located in Lac qui Parle county. The lowest prices are found in ZIP 56256, while the highest are in ZIP 56256. The average price per sqare feet is $57. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Madison

5625656 $ / ft²




Historical development of home values in Madison

Year Estimated value (USD) Change vs. 2025
2010 $48,392 -53.6%
2011 $46,521 -55.4%
2012 $46,396 -55.5%
2013 $48,130 -53.8%
2014 $50,523 -51.5%
2015 $53,116 -49.0%
2016 $55,888 -46.4%
2017 $58,905 -43.5%
2018 $62,161 -40.3%
2019 $65,044 -37.6%
2020 $68,406 -34.4%
2021 $77,804 -25.3%
2022 $90,703 -13.0%
2023 $95,650 -8.2%
2024 $101,183 -2.9%
2025 $104,200 0.0%

Graph: estimated home values in Madison over time (USD)



Example: 100% financing house in Madison

Loan amount: $104,200

Interest rate: 6.00%

Fixed monthly payment: $624.73

Breakdown in the 1st month:
Interest portion: $521.00  –  Principal portion: $103.73

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,217.19 $1,279.59 $102,920.41
2 $6,138.27 $1,358.51 $101,561.90
3 $6,054.48 $1,442.30 $100,119.60
4 $5,965.52 $1,531.26 $98,588.34
5 $5,871.08 $1,625.70 $96,962.64
6 $5,770.81 $1,725.97 $95,236.67
7 $5,664.35 $1,832.43 $93,404.24
8 $5,551.33 $1,945.45 $91,458.79
9 $5,431.34 $2,065.44 $89,393.36
10 $5,303.95 $2,192.83 $87,200.53
11 $5,168.70 $2,328.08 $84,872.45
12 $5,025.11 $2,471.67 $82,400.78
13 $4,872.66 $2,624.12 $79,776.66
14 $4,710.81 $2,785.97 $76,990.69
15 $4,538.98 $2,957.80 $74,032.90
16 $4,356.55 $3,140.23 $70,892.67
17 $4,162.87 $3,333.91 $67,558.76
18 $3,957.24 $3,539.54 $64,019.22
19 $3,738.93 $3,757.85 $60,261.36
20 $3,507.15 $3,989.63 $56,271.74
21 $3,261.08 $4,235.70 $52,036.04
22 $2,999.83 $4,496.95 $47,539.09
23 $2,722.47 $4,774.31 $42,764.78
24 $2,428.00 $5,068.78 $37,696.00
25 $2,115.37 $5,381.41 $32,314.59
26 $1,783.46 $5,713.32 $26,601.27
27 $1,431.07 $6,065.71 $20,535.56
28 $1,056.95 $6,439.83 $14,095.74
29 $659.76 $6,837.02 $7,258.71
30 $238.07 $7,258.71 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Madison, MN


1500 sqft3900 sqft
Ø selling price$103,456$220,078
Ø fast selling$94,051$198,070
Ø high price sale$112,861$242,085

In 2026, houses in Madison, MN will be offered at an average price of $57 per square foot. A 1,500 sqft home priced at $103,456 is 21.57% more expensive per square foot than a 3,900 sqft home priced at $220,078. Home prices in Madison, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $152,361. Sellers who can wait longer may achieve a higher price of up to $186,220.


Madison, Minnesota: Small-Town Charm on the Western Prairie

Location and Community

Madison, Minnesota (Madison MN), the county seat of Lac qui Parle County, anchors the scenic prairie of western Minnesota.
Set along U.S. Highway 75, this friendly small town offers easy access to wide-open landscapes and welcoming community amenities.

Culture and Identity

Known as the ?Lutefisk Capital of the USA?, Madison celebrates its Nordic heritage with quirky charm and local pride.
The playful fiberglass mascot ?Lou T. Fisk? and seasonal events create photo?worthy moments for visitors and families.

Things to Do

Top things to do in Madison MN include browsing downtown shops, sampling classic Midwestern fare at local restaurants, and exploring public art.
Outdoor enthusiasts can birdwatch, paddle, or hike at nearby Lac qui Parle State Park and the Lac qui Parle Wildlife Management Area.
Anglers appreciate Lac qui Parle Lake for walleye and panfish, while cyclists enjoy low?traffic prairie routes and sunset views.

Economy and Living

The local economy centers on agriculture, ag?services, healthcare, and education, with strong ties to regional markets.
Affordable housing, quality schools, and tight?knit neighborhoods make Madison Minnesota an appealing base for families and remote workers.

Plan Your Visit

Whether you?re road?tripping the historic King of Trails (Hwy 75) or seeking quiet prairie adventures, Madison MN offers small?town hospitality, year?round recreation, and authentic Minnesota flavor.



FAQ – Home Values in Madison

What is the median home value in Madison in 2026?

In 2026, the typical home value in Madison is about $104,200 for an average home size of 1852 square feet. This corresponds to an average price of roughly $57 per square foot.

What is the average cost per square foot in Madison?

In 2026, homes in Madison sell for an average of around $57 per square foot, with a typical range between $59 and $59 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Madison is about 1852 square feet, with an estimated 2026 value around $104,200.



Locations close to Madison, MN

Marietta, MN83 $ / ft²
Marshall, MN107 $ / ft²
Maynard, MN124 $ / ft²
Lucan, MN68 $ / ft²
Lake Lillian, MN64 $ / ft²
Kerkhoven, MN61 $ / ft²
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