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Madison city, SD

ZIP 57042 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57042

Median Home Value
$218,200
Median Rent
$721
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,402/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57042 in Madison city, SD, a household would need roughly $60,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,402. That sits below the local median household income ($68,672), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
64.2%-2% vs US avg
x
Vacancy Rate
13.8%+34% vs US avg
x
Broadband Access
88.1%+1% vs US avg
x
4+ Bedrooms
6.8%-54% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
20.9%-58% vs US avg
x
Mortgage-Free
47.4%+24% vs US avg
x
$218,200
Home Value
$721
Rent
1973
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.4%
  • 1-unit attached2.8%
  • 2-9 units13.6%
  • 10+ units11.0%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$218,200
Median rent$721
Owner-occupied64.2%
Vacant13.8%
Price-to-income3.2x
Est. income to buy$60,000