508 Walnut St, Madison, IN 47250
Property image
Property image
OFF MARKET

$217,100

Trulia Estimate
as of Sep 5, 2026
  • 2 Beds
  • 3 Baths
  • 1,340 sqft

508 Walnut St, Madison, IN 47250

Home Highlights

Single-Family Home
1,340 sqft
$162/sqft

Local Information

  • Map ViewExplore the area around 508 Walnut St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Great location, 2 blocks off downtown Madison! It has totally been upgraded thru and thru, it was set up for an air bnb so it has much more room then most 2 bedroom homes. Eat in kitchen with new stainless steel appliances, dining room/game room, AND a living room, 2 1/2 bathrooms, New flooring, no carpet, great for allergies and pets. Worth a looksy.
The best way to get ahold of me is to text, no calls or emails please.

1 year lease, security deposit $1250. Pet deposit will be $1000 and $25 a month. It does have a privacy fenced yard, big enough for my great pyrenees, inside and out! All the utilities are the tenants responsibility.
508 Walnut St, Madison, IN 47250 is a 2 bedroom, 3 bathroom, 1,340 sqft single-family home. It last sold for $99,900 on Apr 14, 2022 (7,892% above the $1,250 asking price). More recently, it was listed as a rental in November 2024 with an asking price of $1,250 per month. That rental listing was removed on November 6, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $217,100, with a rent estimate of $1,935/month.

Home Details for 508 Walnut St

Interior Features

Heating & Cooling
Heating: Heat PumpAir ConditioningCooling System: Central AirHeating Fuel: Heat Pump
Appliances & Utilities
DishwasherRefrigerator
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Comparable Sales for 508 Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
313 Walnut St, Madison, IN
0.15
Single-Family Home
$100,900
08/10/26
3
2
1,696 sqft
Home facts updated by county records

Nearby homes

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Rental Market Trends in Madison

Last updated Sep 2026
Trulia Rent Estimate$1,935/mo
Average rent
$1.01K
$138MoM
Available listings
10
View rental market trends in Madison, IN

Around this home

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
    "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"
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  • Kaylee H.
    "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
    Flag
  • Quenton T.
    "Wonderful place to live. Small Town life with larger city amenities. Quiet and peaceful with a vibrant community. "
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  • Samvin107
    "There’s quite a few families and a church a block away and a nursing home next to the church. Very quiet neighborhood "
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  • Pam T. W.
    "Lots of music almost every weekend in the summer. Great little shops on Main Street. Lovely river walk. Everyone makes you feel welcome. "
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  • Robert Danehy
    "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!!"
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  • Robert Danehy
    "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."
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  • Jessica D.
    "My neighborhood is pretty quiet. There are a few stray cats but nothing major. I am close to shopping and restaurants. "
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  • Aschmidlapprn11
    "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
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  • Aschmidlapprn11
    "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
    "Beautiful scenery, great neighborhood, close to town, wildlife, low traffic. Good school selection public and private. "
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  • Cotydunn05
    "This neighborhood sits back away from busier roads. A nice little cul-de-sac where kids play and people wave! "
    2
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  • Ambergaraas1976
    "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. "
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  • Ambergaraas1976
    "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. "
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LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Nov 6, 2024
Source: Zillow Rentals
ListingRemoved
$1,250
Nov 2, 2024
Source: Zillow Rentals
Listed For Rent
$1,250
Aug 4, 2023
Source: Zillow Rentals
ListingRemoved
Jul 24, 2023
Source: Zillow Rentals
Listed For Rent
$1,250
Apr 14, 2022
Source: SIRA #202109287
Sold
$99,900

Frequently asked questions about 508 Walnut St

  • What is 508 Walnut St estimated to be worth?
    Trulia's estimated value for 508 Walnut St in Madison, IN is $217,100.
  • What is the price history for 508 Walnut St?
    508 Walnut St in Madison, IN last sold for $99,900 in April 2022.
  • 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.
  • Does 508 Walnut St have air conditioning?
    Yes, 508 Walnut St in Madison, IN has air conditioning.

Homes for rent near 508 Walnut St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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