Is a car needed in Madison, IN?

As of early 2026, 87% of users say car is needed

Is Madison, IN dog-friendly?

As of early 2026, 79% of users say it's dog friendly

Are yards well-kept in Madison, IN?

As of early 2026, 79% of users say yards are well-kept

Does Madison, IN show holiday spirit?

As of early 2026, 78% of users say there's holiday spirit

Would people walk alone at night in Madison, IN?

As of early 2026, 77% of users say people would walk alone at night

Is there wildlife in Madison, IN?

As of early 2026, 68% of users say there's wildlife

Is parking easy in Madison, IN?

As of early 2026, 67% of users say parking is easy

Do kids play outside in Madison, IN?

As of early 2026, 59% of users say kids play outside

Is Madison, IN quiet?

As of early 2026, 56% of users say it's quiet

Does Madison, IN have sidewalks?

As of early 2026, 55% of users say there are sidewalks

Are neighbors friendly in Madison, IN?

As of early 2026, 53% of users say neighbors are friendly

Do residents of Madison, IN plan to stay at least 5 years?

As of early 2026, 48% of users say they plan to stay for at least 5 years

Are the streets well-lit in Madison, IN?

As of early 2026, 47% of users say streets are well-lit

Is Madison, IN walkable to restaurants?

As of early 2026, 44% of users say it's walkable to restaurants

Are there community events in Madison, IN?

As of early 2026, 33% of users say there are community events

Is Madison, IN walkable to grocery stores?

As of early 2026, 28% of users say it's walkable to grocery stores

What is 506 E 2nd St estimated to be worth?

Trulia's estimated value for 506 E 2nd St in Madison, IN is $124,300 .

What is the price history for 506 E 2nd St?

506 E 2nd St in Madison, IN last sold for $116,000 in August 2009.

Is Madison a buyer's or seller's market?

Madison is currently a buyer's market, based on recent for-sale activity.

What do residents say about Madison?

Residents describe Madison, IN as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See recently sold homes in Madison, IN .

How big is the lot at 506 E 2nd St?

The lot at 506 E 2nd St in Madison, IN is about 0.02 acres (986 sq ft).

OFF MARKET

$124,300

Trulia Estimate

1 Bed
1 Bath
620 sqft

506 E 2nd St, Madison, IN 47250

Est. Refi. Payment $783/mo*

Refinance Your Home

Currently Off Market - Sold Aug 25, 2009 for $116,000

Home Value

Trulia Estimate

$124K

Since last month

$800 (+0.7%)

Since last year

$22K (+22.3%)

Since last sale

$5K (+4.1%)

Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +221% in the last 10 years

Month	Estimated value
2026
August 2026	$121K
August 2026	$121K
July 2026	$120K
June 2026	$126K
May 2026	$124K
April 2026	$114K
March 2026	$106K
February 2026	$104K
January 2026	$98K
2025
December 2025	$105K
November 2025	$107K
October 2025	$107K
September 2025	$107K
August 2025	$99K
July 2025	$103K
June 2025	$106K
May 2025	$100K
April 2025	$93K
March 2025	$92K
February 2025	$85K
January 2025	$90K
2024
December 2024	$96K
November 2024	$93K
October 2024	$94K
August 2024	$99K
July 2024	$102K
June 2024	$99K
May 2024	$102K
April 2024	$97K
March 2024	$95K
February 2024	$89K
January 2024	$84K
2023
December 2023	$84K
November 2023	$88K
October 2023	$86K
September 2023	$92K
August 2023	$98K
July 2023	$93K
June 2023	$89K
May 2023	$91K
April 2023	$87K
March 2023	$82K
February 2023	$78K
January 2023	$79K
2022
December 2022	$80K
November 2022	$83K
October 2022	$85K
September 2022	$86K
August 2022	$88K
July 2022	$88K
June 2022	$87K
May 2022	$87K
April 2022	$83K
March 2022	$81K
February 2022	$73K
January 2022	$73K
2021
December 2021	$73K
November 2021	$71K
October 2021	$72K
September 2021	$71K
August 2021	$72K
July 2021	$74K
June 2021	$75K
May 2021	$83K
April 2021	$82K
March 2021	$78K
February 2021	$77K
January 2021	$76K
2020
December 2020	$74K
November 2020	$74K
October 2020	$73K
September 2020	$70K
August 2020	$70K
July 2020	$69K
June 2020	$66K
May 2020	$63K
April 2020	$62K
March 2020	$62K
February 2020	$62K
January 2020	$62K
2019
December 2019	$62K
November 2019	$61K
October 2019	$55K
September 2019	$56K
August 2019	$58K
July 2019	$56K
June 2019	$58K
May 2019	$58K
April 2019	$52K
March 2019	$50K
February 2019	$52K
January 2019	$53K
2018
December 2018	$56K
November 2018	$53K
October 2018	$56K
September 2018	$60K
August 2018	$59K
July 2018	$57K
June 2018	$56K
May 2018	$57K
April 2018	$56K
March 2018	$55K
February 2018	$54K
January 2018	$55K
2017
December 2017	$56K
November 2017	$56K
October 2017	$54K
September 2017	$54K
August 2017	$54K
July 2017	$53K
June 2017	$52K
May 2017	$50K
April 2017	$48K
March 2017	$51K
February 2017	$51K
January 2017	$47K
2016
December 2016	$35K
November 2016	$43K
October 2016	$45K
September 2016	$38K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
313 Walnut St, Madison, IN	0.12	Single-Family Home	$100,900	08/10/26	3	2	1,696

Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
312 Walnut St, Madison, IN 47250	0.09	$208,400	3	1	1,952	Off Market
314 Walnut St, Madison, IN 47250	0.10	$219,100	4	1	1,952	Off Market
405 E 2nd St, Madison, IN 47250	0.08	$192,800	2	1	1,552	Off Market
510 E 2nd St, Madison, IN 47250	0.02	$490,000	3	2	3,028	Off Market
311 East St, Madison, IN 47250	0.04	-	1	1	829	Off Market
407 E 2nd St, Madison, IN 47250	0.08	$228,500	4	4	3,312	Off Market
502 E 2nd St, Madison, IN 47250	0.01	$205,500	4	4	2,504	Off Market
220 East St, Madison, IN 47250	0.01	$179,000	2	1	1,292	Off Market
309 E 2nd St, Madison, IN 47250	0.14	$221,200	3	2	2,204	Off Market
311 E 2nd St, Madison, IN 47250	0.14	$231,200	3	1.5	1,710	Off Market
313 Walnut St, Madison, IN 47250	0.12	$100,900	3	2	1,696	Recently Sold
314 E 2nd St, Madison, IN 47250	0.13	$229,800	2	2	1,260	Off Market

Local Information

Map ViewExplore the area around 506 E 2nd St.
Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Property Type

Single-Family Home

Year Built

1900

Living Area

620 sqft

Price/Sqft

$200

About this House

This single-family home is located at 506 E 2nd St, Madison, IN. 506 E 2nd St is in Madison, IN and in ZIP code 47250. This property has 1 bedroom, 1 bathroom and approximately 620 sqft of floor space. This property has a lot size of 986 sqft and was built in 1900.

506 E 2nd St, Madison, IN 47250 is a 1 bedroom, 1 bathroom, 620 sqft single-family home built in 1900. It last sold for $116,000 on Aug 25, 2009. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $124,300, with a rent estimate of $946/month.

Home Details for 506 E 2nd St

Interior Features
Levels, Entrance, & Accessibility Stories: 1
Interior Details Number of Rooms: 4

Exterior Features
Exterior Home Features Roof: AsphaltFoundation Type: Crawl Raised

Property Information
Year Built Year Built: 1900
Property Type / Style Property Type: Single Family Home

Lot Information
Lot Area: 986 sqft

Price and Tax history

Date	Event	Price
Aug 25, 2009 Source: N/A	Sold	$116,000

Year	Property tax	Tax assessment
2025	$860	$46,100

Additional Cost

Market trends in Madison

Last updated July 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

102

9MoM

Around this home

Lydia Middleton Elementary School
PK-4
Public
333 Students
Madison Consolidated Schools
6/10
GreatSchools Rating
Parent Rating Average
Teachers and my grandchildren seem to have very good communication.The teachers make the difference. My only concern at this point is sending 5th graders to middle school at the junior high. This is a mistake for this size community, in my opinion. But that is not this school's fault!
Parent Review
10y ago
4 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Madison

At least 44 Trulia users voted on each feature.

87 % Say car is needed
79 % Say it's dog friendly
79 % Say yards are well-kept
78 % Say there's holiday spirit
77 % Say people would walk alone at night
68 % Say there's wildlife
67 % Say parking is easy
59 % Say kids play outside
56 % Say it's quiet
55 % Say there are sidewalks
53 % Say neighbors are friendly
48 % Say they plan to stay for at least 5 years
47 % Say streets are well-lit
44 % Say it's walkable to restaurants
33 % Say there are community events
28 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.

Colemoederzoon3
Resident
1y ago
"Very touristy, very historical. Very quaint lots of festivals year round. Theres a lot of good people in this town. Homes are quite expensive though. Road maintenance could help out"
0
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Kaylee H.
Resident
6y ago
"A great well rounded community and very great place to live. Schooling is amazing and there are so many activities that family can do and many different attractions for people from outside of town. "
4
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Quenton T.
Resident
6y ago
"Wonderful place to live. Small Town life with larger city amenities. Quiet and peaceful with a vibrant community. "
0
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Samvin107
Resident
6y ago
"There’s quite a few families and a church a block away and a nursing home next to the church. Very quiet neighborhood "
0
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Pam T. W.
Resident
7y ago
"Lots of music almost every weekend in the summer. Great little shops on Main Street. Lovely river walk. Everyone makes you feel welcome. "
0
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Robert Danehy
Resident
7y ago
"Most beautiful historical society in the country! People are the friendliest that you will ever meet. Gorgeous River Front. Best Festival's in the country in the Summer. 5 different Schools.. About 69 of the most beautiful church's you ever seen. Moved here 2 years ago and now i don't ever want to leave!!"
4
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Robert Danehy
Resident
7y ago
"Madison is the most beautiful historical society in the country! An the people here are the most friendly that you will ever meet. Church's beautiful church's. Fine Dinning. Choice of Schools. Most beautiful River Front in the state! Nite life is fantastic. None tru out the country for are festivals. An about 40 minutes each way Cincinnati to the East an Louisville to the West. Parks for kids everywhere."
0
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Jessica D.
Resident
7y ago
"My neighborhood is pretty quiet. There are a few stray cats but nothing major. I am close to shopping and restaurants. "
0
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Aschmidlapprn11
Resident
7y ago
"There are lots of sidewalks to walk the dogs on. There is a walkway around the lake near our house as well so it is healthy and fun for them and us as well. "
1
Flag
Aschmidlapprn11
Resident
7y ago
"We have lived here for 5 years and we are within a few minutes of everything. We are close to schools, shopping, restaurants and parks"
1
Flag
Ericanapier05
Resident
7y ago
"Beautiful scenery, great neighborhood, close to town, wildlife, low traffic. Good school selection public and private. "
0
Flag
Cotydunn05
Resident
8y ago
"This neighborhood sits back away from busier roads. A nice little cul-de-sac where kids play and people wave! "
2
Flag
Ambergaraas1976
Resident
8y ago
"It is quiet and is within walking distance to Clifty Park. It is the perfect place to walk the dogs because there are little to no sidewalks in this town. "
0
Flag
Ambergaraas1976
Resident
8y ago
"It is within walking distance to Clifty Falls state park. Since this town has very few sidewalks it is nice to take the dogs there to walk without a lot of traffic. "
0
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LGBTQ Local Legal Protections

Frequently asked questions about 506 E 2nd St

What is 506 E 2nd St estimated to be worth?
Trulia's estimated value for 506 E 2nd St in Madison, IN is $124,300.
What is the price history for 506 E 2nd St?
506 E 2nd St in Madison, IN last sold for $116,000 in August 2009.
Is Madison a buyer's or seller's market?
Madison is currently a buyer's market, based on recent for-sale activity.
What do residents say about Madison?
Residents describe Madison, IN as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See recently sold homes in Madison, IN.
How big is the lot at 506 E 2nd St?
The lot at 506 E 2nd St in Madison, IN is about 0.02 acres (986 sq ft).