Madison, MO

Madison, Missouri is a city of about 229,000 people located in the center of the state. The city is home to the University of Missouri and is known for its liberal politics. Madison was founded in 1819 and was named after James Madison, fourth president of the United States.

Real estate in Madison is dominated by single-family homes. The median price for a single-family home in Madison was $269,900 in January 2017. The city has seen an increase in prices over the past few years, with the median price reaching $291,500 by December 2016. However, prices have started to decline since then and were at $268,000 as of January 2017.

The majority of homes in Madison are owned by individuals or couples who are relatively young and have not yet accumulated a large amount of debt. About 60% of homes are owner-occupied while 40% are rented. There is also a small number of rental units that are owned by businesses or organizations.

The most popular type of real estate in Madison is single-family homes. This is likely due to the fact that these homes tend to be more affordable than other types of real estate and they also offer more privacy than apartments or condos do. In addition, many people who live in Madison prefer living close to their work or school so they can easily get around town on foot or by bike.