65 / 100

Madison County, IL

RANK #345 / 1001 NAT  ·  #13 / 28 IL  ·  POP 264,238

1YR FORECAST: +2.8%

5YR OUTLOOK: +31%

#25 Most Affordable
Our model projects above-average housing market growth for Madison County at +2.8% over the next year.

[01] Why Madison County?

Madison County, Illinois, is often recognized for its historical significance, particularly as the starting point for the Lewis and Clark Expedition from Camp Dubois in Wood River. Located directly across the Mississippi River from St. Louis, Missouri, the county offers a blend of suburban and more rural communities. Commuting to St. Louis is a common practice, facilitated by major interstates and the Madison County Transit system, which also provides extensive local bus services and a vast network of bikeways. The county features diverse natural scenery, from the bluffs overlooking the Mississippi to prairie landscapes, with numerous parks and trails for outdoor recreation.

Life in Madison County appeals to families and professionals, with communities like Edwardsville, Glen Carbon, and Troy often cited for their quality of life. The economy is shaped by its proximity to a major metropolitan area and its historical industrial roots. Recent economic activity reflects investment in sectors such as logistics, energy, and advanced manufacturing, alongside ongoing infrastructure improvements. Educational opportunities are available through public school districts and institutions like Southern Illinois University Edwardsville.

MARKET PROFILE

Heartland Steady Growth

Madison County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +5.7% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

Home Prices
+5.7%

Outpacing national median

Climate & Terrain
-1.7

Below-average climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Amazon North American Fulfillment Logistics
    2,500+
  2. 2
    Southern Illinois University Edwardsville (SIUE) Education
  3. 3
    U.S. Steel Granite City Works Manufacturing
    1,000+
  4. 4
    Anderson Healthcare Healthcare
  5. 5
    Wieland Rolled Products (formerly Olin Brass) Manufacturing
  6. 6
    Phillips 66 Wood River Refinery Energy
  7. 7
    Alton Memorial Hospital Healthcare
  8. 8
    Madison County Government Government
    500+
  9. 9
    Gateway Regional Medical Center Healthcare
  10. 10
    Edwardsville CUSD #7 Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Madison County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
264,238
-0.15% YoY
Median Household Income
$75,793
Median Home Value
$173,000
+5.68% 12mo
Median Rent
$1,024
Average Annual Pay
$59,914
+4.8% YoY
Employment
107,525
+2.2% YoY
Income-to-Home-Value
0.4381
More affordable than average
Migration Inflow
2.16%
of pop. from another state
Bachelor's Degree+
31.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$245,000
Days on Market
35
Active market
Months of Supply
2.0
Seller's market
Sale-to-List Ratio
99.9%
Near asking price
Sold Above List
47.2%
Listings w/ Price Drops
21.4%
Building Permits (2025)
435
Single-Family Permits
323

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.6
per 100K · nat avg 6.3
Firearm Fatalities
12.1
per 100K · nat avg 14.8
Injury Deaths
107.0
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
55.3
Moderate
Good Air Days
30%
329 of 1,091 days
Unhealthy+ Days (3yr)
31
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
57
2022
54
2023
55
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,670M
TOTAL
PROJECT AMOUNT STATUS
Data Center Campuses (Proposed)
Multiple Developers (e.g., Cloverleaf Infrastructure)
$1,000M Proposed
IDOT Highway and Multimodal Program
Illinois Department of Transportation (IDOT)
$720M Planned
Gateway Commerce Center & Lakeview Commerce Park Expansion
Multiple (e.g., Amazon, FedEx, P&G)
$500M Operating
Utility-Scale Battery Storage (MISO Zone 4 Allocation)
Illinois Power Agency (IPA) Procurements
$450M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth -0.1% 16 percentile
Income Growth +1.3% 19 percentile
Vacancy Rate 0.9% 61 percentile
Home Price Change +5.7% 91 percentile
Rent Growth +3.3% 57 percentile
Price/Rent 13x 80 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Madison County, IL a good place to move to?

With a Boom Town Index score of 65/100, Madison County sits in the upper half of all 1001 ranked counties. Employment is expanding at +2.2%, and median household income stands at $75,793 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IL.

Is Madison County affordable?

By national standards, Madison County is quite affordable. Homes here have a median value of $173,000, and the income-to-home-value ratio of 0.44 is well above the U.S. average — especially with median rent at just $1,024/month. Residents can generally buy a home without being cost-burdened.

Is Madison County growing or shrinking?

Employers in Madison County are hiring — job growth of +2.2% — but the population is close to flat (-0.1% YoY). Home values moved +5.7% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Madison County?

There's a moderate stream of newcomers. About 2.16% of residents moved from another state, which is above average and suggests Madison County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Madison County?

Home values climbed +5.7% year-over-year, which is a solid pace of appreciation. The median home in Madison County is now valued at $173,000. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Lake County, IL 64 Sangamon County, IL 64 LaSalle County, IL 69 Champaign County, IL 69 Kendall County, IL 59 Vermilion County, IL 73 St. Louis County, MN 65 Pitt County, NC 65