Find USDA Eligible Properties in Madison County

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Realtors in Madison browse list of realtors working in Madison County
Madison county has 3 realtors ready to help with your search!

April Featured Agents
Brendan Grosvenor   from   Highgarden Real Estate
Kelly Wood   from   Indiana's REO Team, LLC.
Diane Wilson   from   RE/MAX Real Estate Solutions

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Looking to buy in Madison County, Indiana?

There are 666 USDA backed residential loans in Madison county with an average loan balance of $100,299. Over 83% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $100,798. On average the rural home size purchased with this loan was approximately 1,663 SqFt. Madison county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.

The size of Madison County is roughly 1,169 square kilometers. USDA defined regions of rural loan ineligibility in Madison cover 454 square kilometers of the county. Approximately 38.8% of Madison County is ineligible for traditional USDA home loans. The influence score for Madison County is 2. Look below for the interactive county level map illustration below for more details.

Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.

Start your search for USDA loan eligible properties in the cities of Madison County, IN   Madison QR code
* cities most likely to have USDA loan eligible properties for sale.

*Alexandria   •   Alfont   •   Alliance   •   Anderson   •   Bloomer   •   Chesterfield   •   Country Club Heights   •   Dundee   •   Edgewood   •   Edgewood Village   •   *Elwood   •   Emporia   •   Fishersburg   •   Florida   •   *Frankton   •   Gridley   •   Hardscrabble   •   Huntsville   •   *Ingalls   •   *Lapel   •   Leisure   •   Linwood   •   *Markleville   •   Moonville   •   New Columbus   •   *Orestes   •   *Pendleton   •   Perkinsville   •   Prosperity   •   River Forest   •   South Elwood   •   *Summitville   •   Sunview   •   Woodlawn Heights

A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Madison County.

Interested in the geographic boundaries that define USDA Loan eligibility?
View the detailed USDA boundaries and read about general conditions of
Madison County, Indiana
USDA Boundary Details

Madison County, located in the great state of Indiana, was established on January 4, 1823. Named after the fourth President of the United States, James Madison, the county was once inhabited by indigenous peoples belonging to the Delaware (Lenape) tribe before European-American settlers made their way there.

The county seat, Anderson, was named after Chief William Anderson, a prominent Native American leader of the Delaware tribe. As the county continued to develop throughout the 19th century, agriculture played a major role in the region's economy. Madison County was also known for its natural gas boom that started in 1887, making it a part of the Indiana Gas Boom. Gas wells were drilled, and the abundance of natural gas offered residents cheaper fuel and attracted industries to the region.

One fun fact about Madison County is that it is home to one of the world's largest junior softball parks, the Anderson Wigwam. The Wigwam was built in 1962 and can hold more than 8,000 spectators, making it the second-largest high school gymnasium in the United States. It hosted many basketball games throughout the years until it was closed in 2011 due to high maintenance costs. However, the Wigwam was later reopened in 2018 and currently serves as an event center and sports complex.

Featured Cities of Indiana
Fishersburg Gridley
Featured Properties from USDA Loan Eligible Regions of Madison County
609 S 28th St
Elwood, IN

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7317 W State Road 38
Pendleton, IN

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