Madison home prices and affordability, 2019 to 2025
Madison home prices rose about 27% from 2019 to 2025, and with higher mortgage rates, buying the average home here now takes $1,924 more a month.
How prices moved
Madison rose about as much as Brooklyn
On our own index, Madison home prices rose 27% from 2019 to 2025, against 22% for Brooklyn as a whole, and we rate it medium confidence.
The average sale rose by about the same, from $885,061 to $1,033,460. Our own index and the average sale measure different things, so in other neighborhoods they can tell different stories.
See Brooklyn home prices by neighborhoodWhat it costs to buy now
$1,924 more a month than in 2019
With 20% down on the average sale, the monthly mortgage payment went from $3,356 in 2019 to $5,280 in 2025. Higher prices added $660, and the higher mortgage rate, 6.60% against 3.94% added $1,264.
The 20% down payment grew from $177,012 to $206,692.
Compare the neighborhoods next door
Madison
- Prices since 2019
- +27%
- Payment in 2025
- $5,280
- Rise a month
- +$1,924
Gravesend (East)-Homecrestlow confidence
- Prices since 2019
- +45%
- Payment in 2025
- $10,343
- Rise a month
- +$5,385
- Prices since 2019
- +29%
- Payment in 2025
- $6,962
- Rise a month
- +$3,260
Sheepshead Bay-Manhattan Beach-Gerritsen Beach
- Prices since 2019
- +22%
- Payment in 2025
- $4,875
- Rise a month
- +$1,830
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Monthly mortgage payment: principal and interest on a 30-year fixed loan on each neighborhood’s 2025 average sale; taxes and insurance not included.
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Create a free accountA model-generated estimate and analytical context, not investment advice. The estimated value comes from an automated valuation model (AVM). An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
Questions about Madison
How much have Madison home prices changed since 2019?
On our own index, Madison home prices rose about 27% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure medium confidence. The average sale went from $885,061 to $1,033,460.
How much does it cost to buy a home in Madison?
The average Madison home sold for $1,033,460 in 2025. With 20% down, $206,692, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $5,280 before taxes and insurance.
What income do you need to buy in Madison?
About $211,000 a year for the average Madison home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $134,000 in 2019. Lenders apply their own tests, and taxes and insurance come on top of the payment.
How much has the monthly mortgage payment in Madison changed since 2019?
The monthly mortgage payment on the average Madison home rose $1,924, from $3,356 in 2019 to $5,280 in 2025. Higher prices added $660, and the higher mortgage rate, 3.94% to 6.60%, added $1,264.
How does Madison compare with Brooklyn?
The monthly mortgage payment on the average Madison home was $5,280 in 2025, lower than the $7,397 on the average Brooklyn home. Since 2019 it rose $1,924, and Brooklyn’s rose $3,205.
What does the full cost to own a home add?
Property tax, insurance, HOA dues and upkeep come on top of the monthly mortgage payment shown here. A free account’s Cost to Own adds them up for a specific home, and three homes a month are free.
Home prices: our own index from NYC Department of Finance sales, 2019 to 2025. Monthly mortgage payment is principal and interest on the average sale with 20% down and a 30-year fixed loan, at each year’s average Freddie Mac rate (3.94% in 2019, 6.60% in 2025); taxes and insurance are not included. Sales: NYC Department of Finance.