What is the median home value in Madison County, IL?

The median home value in Madison County, IL is $167,900, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Madison County, IL?

The cap rate proxy in Madison County, IL is 8.7% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Madison County, IL?

Madison County has 264,631 residents and issued 482 building permits over the trailing twelve months, according to the Census Building Permits Survey.

St. Louis, MO-IL · Illinois

Madison County

264,631 residents482 permits TTM$74,800 median HHI28 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$167,900

ACS 5-Year

Cap rate proxy

8.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

15.5%

HUD FMR ÷ ACS HHI

Net migration

+1.34%

IRS SOI

Permits (TTM)

482

Census BPS

Climate risk

93.4

FEMA NRI (0–100)

ZIP code breakdown28 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
62060	$50,723	$1,080	25.6%	22.9%	10.3%
62018	$102,092	$1,160	13.6%	11.4%	16.5%
62048	$73,589	$1,070	17.4%	15.8%	9.4%
62084	$102,397	$1,060	12.4%	11.4%	8.6%
62026	$167,900county est.	$1,340	9.6%	6.9%	27.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$92,117	$990	12.9%	12.6%	2.1%
$114,689	$1,160	12.1%	11.8%	2.6%
$115,001	$1,040	10.9%	11.5%	-6.3%
$122,850	$1,040	10.2%	10.1%	0.7%
$124,919	$990	9.5%	9.3%	2.1%
$187,899	$1,120	7.2%	7.5%	-5.5%
$167,900county est.	$990	7.1%	6.9%	2.1%
$167,900county est.	$1,000	7.1%	6.9%	3.1%
$167,900county est.	$990	7.1%	6.9%	2.1%
$167,900county est.	$1,090	7.8%	6.9%	11.1%
$167,900county est.	$1,050	7.5%	6.9%	7.7%
$196,309	$1,020	6.2%	5.9%	5.0%
$209,554	$1,280	7.3%	5.5%	24.3%
$322,625	$1,340	5.0%	5.4%	-7.5%
$229,797	$1,160	6.1%	5.1%	16.5%
$250,637	$1,050	5.0%	4.6%	7.7%
$320,683	$1,180	4.4%	4.5%	-2.2%
$261,830	$990	4.5%	4.4%	2.1%
$325,198	$1,240	4.6%	4.4%	3.2%
$273,257	$990	4.3%	4.3%	2.1%
$297,689	$1,110	4.5%	3.9%	12.7%
$323,289	$1,090	4.0%	3.6%	11.1%
$348,108	$1,540	5.3%	3.3%	37.1%

Demographics

Owner-occupied

73.6%

Census ACS

Vacancy rate

8.0%

Census ACS

Bachelor's degree +

30.8%

Census ACS

Rent burdened

43.2%

Census ACS (>30% income)

Median age

40.2

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Madison County

See all 28 ZIPs ranked by yield and cap rate