Madison

Located in Lake County, this small community of 3,427 residents offers a distinctive housing market characterized by exceptionally large properties. The current inventory includes 42 active listings with a median home price of $247,450 and an unusually low price per square foot of $31, reflecting the area's generous average home size of 10,842 square feet. The high homeownership rate of 91.5% indicates strong community stability and resident investment in the area. With a median household income of $95,313, residents demonstrate solid purchasing power that supports the local real estate market. Families are served by the Madison LSD Lake-4303 school district, providing educational continuity for the community. The combination of affordable per-square-foot pricing and substantial property sizes creates unique value propositions for buyers seeking spacious homes. The limited active inventory of 42 listings suggests either steady demand absorption or constrained supply, typical of smaller residential markets where turnover tends to be lower than in larger metropolitan areas.

Market description generated from current MLS and U.S. Census data.