Madison Homes under $400,000

Welcome to Madison, Minnesota – a hidden gem nestled in the heart of Lac qui Parle County! Known for its stunning natural beauty and close-knit community, Madison offers an inviting atmosphere for families, retirees, and everyone in between. With its picturesque landscapes, charming downtown, and a rich history, this vibrant city is the perfect place to call home.

Madison boasts a variety of recreational opportunities, including beautiful parks, scenic walking trails, and access to the serene waters of the nearby Lac qui Parle Lake. Whether you enjoy fishing, hiking, or simply soaking in the breathtaking sunsets, there’s something here for everyone. The city also hosts a variety of community events throughout the year, fostering a strong sense of belonging among residents.

For those seeking an affordable yet charming place to live, Madison has an impressive selection of homes priced under $400,000. From cozy bungalows to spacious family homes, the real estate market here offers diverse options that cater to various lifestyles. With the cost of living significantly lower than larger urban areas, you can enjoy a comfortable lifestyle without breaking the bank.

The local schools are highly regarded, and the community is dedicated to providing a nurturing environment for children. With friendly neighbors and a welcoming spirit, Madison is not just a place to live; it’s a place to thrive.

If you’re looking for a charming city with affordable housing options and a strong community feel, Madison, MN, is waiting for you! Come explore the possibilities and discover your dream home in this delightful city.

Newest Madison Homes under $400,000

$94,500

3 Beds ⋅ 2 Baths ⋅ 7148970 MLS

Great Location & Move-In Ready Updates! This charming stucco home offers a welcoming layout, plenty of space, and numerous recent updates. Enjoy the large enclosed front porch surrounded by windows—an ideal spot for morning coffee, relaxing, or creating a warm and inviting entryway. Step inside to a spacious living room with plenty of room for entertaining or creating a comfortable gathering space. The main floor features a bedroom with convenient laundry located in the bedroom closet, which could also make this room a great home office. The kitchen offers beautiful oak cabinets, ample storage, and plenty of room for a kitchen table. The spacious living area could also accommodate a separate dining area. The home offers 3 bedrooms and 2 bathrooms, with one bedroom on the main level and two additional bedrooms upstairs. Both bedrooms offer large closets One features a very large walk-in closet that could also be used as a nursery, office, or additional flex space. A full bathroom is conveniently located on each level, with a shower on the main floor and a bathtub upstairs. Numerous updates have been completed in spring 2026, including all-new vinyl double-hung windows throughout the home and new PEX plumbing throughout the entire house. And new sewer to street from house in 2023. The backyard offers a storage shed and plenty of room for a future garage. A great combination of character, practical updates, flexible living space, and a convenient location— come see all this home has to offer!

417 Western Avenue, Madison

Listing courtesy of Peterson Team Realty.

$158,500

2 Beds ⋅ 2 Baths ⋅ 7126156 MLS

This wonderful 2 bedroom, 2 bath home is ready to move into. There are so many extras to this property. There is a front porch to sit and enjoy the sunrise. The back enclosed porch is wonderful for the afternoon - evening. There is a bonus workshop/craft room/whatever room! There is a shed that will stay with the property. The 2 car detached garage is steps from the back door. Don't miss this one - call for a showing.

209 3rd Avenue, Madison

Listing courtesy of Dahle and Olson Realty Company.

$79,500

3 Beds ⋅ 1 Baths ⋅ 7113554 MLS

3 bed 1 bath home located on a corner lot, offers a 2 stall garage which is New in 2024. Open stairway that offers a stair elevator chair, this of which may be removed. The lot to the east with the shed Does Not belong with this property. Newer furnace and offers central air. New shingles in 2024. There is a reading room/office space with french doors. This is a well priced home so why rent? When you can own!

304 E 4th Street, Madison

Listing courtesy of Peterson Team Realty.

$109,900

3 Beds ⋅ 1 Baths ⋅ 7111761 MLS

THIS IS A BEAUTIFUL CENTURY OLD HOME LOCATED NEAR HOSPITAL. THE HOME HAS SUCH BEAUTIFUL FEATURES IT IS CLEAN AND READY FOR YOU TO MAKE IT YOUR OWN! AS YOUR OWN HOME, INTERIOR FURNISHINGS WILL BE NEGOTIABLE, THIS HOME OFFERS 3 BEDROOMS AND 1 BATHROOM. BEAUTIFUL HARD TO FIND WOOD WORK!! HARDWOOD FLOORS UNDER CARPET. OPEN STAIR CASE. NEW WATER HEATER. OFFERS CENTRAL AIR AND FORCED AIR FURNACE. SUPER SWEET FRONT ENTRY PORCH THAT LETS IN THE LIGHT CAN BE USED 3 SEASONS. ALL WINDOWS UPSTAIRS ARE NEW AND CAN BE CLEANED FROM THE INTERIOR. CALL TO VIEW! OWNER WILL CONSIDER A CONTRACT FOR DEED WITH A GOOD DOWN PAYMENT.

821 3rd Avenue, Madison

Listing courtesy of Peterson Team Realty.

$119,900

3 Beds ⋅ 2 Baths ⋅ 7100213 MLS

ONE LEVEL HOME WITH 3 BEDROOMS AND 2 BATHROOMS, ATTACHED 1 STALL GARAGE, BACK PATIO AND STORAGE SHED, VERY PRIVATE BACK YARD WITH A LIVE FENCE! THE WHOLE HOUSE INTERIOR HAS BEEN FRESHLY PAINTED. THE BATHROOM OFFERS NEW FLOORING AND A LIGHTED VANITY MIRROR. BEDROOMS ALL OFFER A VERY NICE SIZE. IN THE BASEMENT YOU WILL FIND A TILED SHOWER 3/4 BATH. FAMILY ROOM OFFERS A GAS FIREPLACE, SPACIOUS AND COMFORTABLE. THE HOUSE HAS SEPARATE HEATING ZONES AND THE GARAGE TOO HAS ELECTRIC HEAT. ROOF WAS RESHINGLED IN 2015 MOSTLY NEW WINDOWS THROUGHOUT.

316 W 2nd Street, Madison

Listing courtesy of Peterson Team Realty.

$170,000

2 Beds ⋅ 3 Baths ⋅ 7095526 MLS

Welcome to this move-in ready Madison home! Offering the convenience of main-floor living, this beautifully maintained home combines modern updates, a practical layout, and far more finished living space than meets the eye. The main level features a spacious living room, an open kitchen and dining area with additional counter-height seating, two generously sized bedrooms, a full bath, an updated half bath, and a convenient laundry area. Step outside through the patio door to enjoy the partially fenced backyard and large deck, perfect for summer BBQs, entertaining friends, or enjoying your morning coffee. The lower level expands the living space even further with a massive family room complete with a built-in bar area, making it an ideal gathering spot for game days, movie nights, or hosting guests. You'll also find abundant storage, a utility room, and two additional non-conforming bedrooms that offer flexibility for a home office, hobby room, or guest space. A second detached garage provides valuable extra storage or additional parking. With its spacious interior, thoughtful updates, and versatile living spaces, this home is ready for its next owners. Schedule your private showing today!

416 8th Avenue, Madison

Listing courtesy of New London Real Estate, Inc..

$364,900

3 Beds ⋅ 2 Baths ⋅ 7092706 MLS

Experience the warmth, comfort, and exceptional versatility of this beautifully maintained one-story ranch, ideally set on a tar road just minutes from Lac qui Parle Valley High School. Designed for effortless main-floor living, the home offers an inviting blend of refined updates, generous spaces, and thoughtfully curated amenities that make everyday living feel elevated. The main level showcases a custom-designed kitchen appointed with Corian countertops, soft-close cabinetry, a ductless gas cooktop, and stainless-steel appliances. Its open-concept layout flows seamlessly into the formal dining area and living room, creating an elegant setting for both intimate gatherings and larger-scale entertaining. Just beyond, the sun porch serves as a light-filled extension of the home, offering a serene retreat for morning coffee, quiet reading, or evening conversation beside the gas fireplace. At the heart of the living room, a striking stone wood-burning fireplace creates a dramatic focal point and adds timeless character. The beautifully updated full bath offers a spa-inspired experience with a jet tub, separate shower, updated fixtures, and abundant storage. The spacious primary bedroom features double closets, while two additional main-floor bedrooms—currently styled as a sewing room and office—provide flexibility to suit a variety of lifestyle needs. Newer flooring, modern lighting, and tasteful finishes throughout complete the polished feel of the main level. The lower level continues the home’s appeal with a comfortable family room featuring new carpet, two non-conforming bedrooms or bonus rooms, an updated three-quarter bath, and ample utility and storage space. Even practical details have been thoughtfully considered, including the indoor placement of the well expansion tank for convenient access. Outdoors, the property unfolds into a private and picturesque setting designed for both relaxation and recreation. Step from the sunroom onto the newer FRP Maintenance Free Trex deck and enjoy peaceful mornings, sunny afternoons, or evening cocktails surrounded by the beauty of the landscape. The barn offers functionality for animals or storage, while its charming added sun porch creates yet another inviting space to gather and take in views of the yard and garden. A detached 32 x 48 shop further enhances the property, offering one area ideal for vehicles or projects, and a second insulated, heated, and cooled space perfectly suited for entertaining, hobbies, or game-day gatherings. Mature landscaping, beautiful plantings, and the property’s overall sense of care create a setting that feels both welcoming and distinctive. Rich in character and thoughtfully updated throughout, this exceptional property offers a rare opportunity to enjoy comfort, beauty, and lifestyle in one remarkable home. Call today to schedule your private showing.

2655 300th Street, Madison

Listing courtesy of Weichert REALTORS Tower Properties.

$229,900

4 Beds ⋅ 3 Baths ⋅ 7086488 MLS

Beautifully restored, 4-bedroom Victorian home, located on a corner lot in Madison! This home offers an original, natural lit front porch, perfect for your morning coffee or exercise routine! As you enter the home you'll see the beauty in the original woodwork, a formal living & dining area with beautiful oak built in hutches & book shelves, high ceilings, a large kitchen with an option for additional seating, 6 panel oak doors, beautiful original woodwork throughout the home! This home also offers a newer addition sunroom/hot tub room off the back of the home, main floor laundry, a maintenance free exterior, 3 year old shingles, newer vinyl windows, a newer boiler system, a wonderful patio to enjoy your evenings outside, beautiful perennial flower gardens and a detached 2 stall garage. The lower level offers additional space for a TV or rec/game room. This spacious, unique home is a must-see! call us today to schedule a showing!

403 1st Avenue, Madison

Listing courtesy of Kuhlmann Real Estate, Inc..

$79,500

1 Beds ⋅ 1 Baths ⋅ 7084703 MLS

Income property! This home could be used as your residence with either the upper or lower being rented out to another party. The upstair apartment is very nice with a rear entrance large kitchen, living, dining area, full bathroom, laundry room and 2 bedrooms! The main floor has 1 Bedroom and a newly remodeled bathroom. Living, Dining and Large kitchen, its own laundry room! The shingles and siding are just 2 years old! This could be a wonderful income property! With the added income of the additional rental option! There is a partial fence in the rear and yard. 2 Apartment building. Over/Under. Each has their own entrance. THE WAY IT SITS NOW IS MAIN FLOOR IS THE OWNER THE TOP RENTAL IS NOW VACANT, ON PURPOSE FOR THE SALE. THE OWNER TAKES CARE OF UTILITIES AND RENTS OUT THE UP APARTMENT FOR 800 MONTH. THE UTILITY EXPENSES ARE WATER, SEWER, ELECTRICITY, AND GARBAGE ARE ALL ON ONE BILL. THE GAS FOR HEATING IS SEPARATE, AND IS ESTIMATED. WILL PROVIDE MORE ACURATE INFORMATION IF YOU ARE AN INTERESTED PARTY.

617 W 3rd Street, Madison

Listing courtesy of Peterson Team Realty.

$119,900

4 Beds ⋅ 2 Baths ⋅ 7082582 MLS

Spacious 4-bedroom, 2-bath split-level home located on a desirable corner lot in a great part of town! The upper level features 2 bedrooms and a full bath, along with a large living room filled with natural light and a spacious kitchen offering abundant cabinet space and a wrap-around breakfast island perfect for gathering and entertaining. The lower level includes 2 additional bedrooms, a second bath, a comfortable family room, and a large utility/laundry room with plenty of extra storage space. Enjoy the oversized garage with room for vehicles, tools, and hobbies. With just a little cosmetic updating, this home offers incredible potential and the opportunity to make it your own.

404 E 3rd Street, Madison

Listing courtesy of Peterson Team Realty.

$149,900

1 Beds ⋅ 1 Baths ⋅ 7034458 MLS

SOMEONE IS GOING TO LOVE THIS UNIQUE SHED-DO-MINIUM AND LOCATION! SMALLER HOME WITH A WONDERFUL HEATED AND FINISHED 2 STALL GARAGE, GARAGE OFFERS A FLOOR DRAIN AS WELL. THIS PLACE IS HIDDEN BEHIND LIVE AND WOOD FENCE. OUTSIDE OF CITY LIMITS--RIGHT ON THE EDGE! THIS HOME HAS A PRIVATE WELL WITH NEW PUMP, AND SEPTIC. ALSO OFFERS NATURAL GAS! KITCHEN AND LIVING ROOM IN ONE PORTION AND THE BATH AND BEDROOM IN THE SOUTHERN PORTION. GREAT STORAGE SPACES IN BETWEEN THE AREAS. PUT UP SHELVING, OR ENCLOSE IF YOU WISH. HEATING UNITS ARE DIRECT VENT NATURAL GAS. WATER IS HEATED ON DEMAND. QUALITY KINETICO WATER TREATMENT/SOFTENER. THIS HOUSE IS UNIQUE TO THE CURRENT OWNERS LIKING, KEEP IT THIS WAY OR MAKE THE CHANGES YOU WOULD LIKE FOR YOURSELF. DURING THE BUILDING OF THIS HOME THE OWNER HAS INSTALLED AN ABUNDANCE OF INSULATION ALL AROUND! NICE QUALITY APPLIANCES. ADDITIONAL PICTURES COMING SOON!

2493 231st Avenue, Madison

Listing courtesy of Peterson Team Realty.

$199,000

3 Beds ⋅ 3 Baths ⋅ 7008624 MLS

WONDERFUL CEDAR SIDED HOME ON A CORNER LOT RIGHT ACROSS FROM THE PARK/SWIMMING POOL. THE HOME HAS ALL SHEET ROCKED WALLS. MAIN FLOOR LAUNDRY AND NEWLY ADDED MAIN FLOOR BED AND BATHROOM. WHICH IS HANDY CAP ACCESSABLE. UPSTAIRS OFFERS 2 BEDROOM AND A BATHROOM. PARTIAL FINISHED BASEMENT. THE GARAGE IS HEATED AND INSULATED AND OFFERS A VERY LARGE UPSTAIRS THAT COULD BE USED FOR MANY DIFFERENT USES, EXTERIOR STAIRWAY. A BACK YARD GARAGE/STORAGE SHED, AND WONDERFUL LANDSCAPING! PATIO AND FRONT COVERED PORCH. THE BASEMENT OFFERS A FINISHED ROOM THAT WOULD BE GREAT FOR A WORK OUT ROOM! SHOWER IN BASEMENT. CANNING ROOM IN BASEMENT. GREAT PLACE FOR FREEZERS ETC. THIS HOME OFFERS REAL WOOD BEAMS AND WOOD CIELINGS THOSE OF WHICH ARE VERY BEAUTIFUL! MAIN FLOOR BEDROOM OFFERS AND ON SUITE 3/4 BATH, THAT IS ACCESSABLE WITH OUT GOING THROUGH THE MASTER BEDROOM. VERY MUCH A MOVE IN READY AND UPDATED HOME!

806 1st Avenue, Madison

Listing courtesy of Peterson Team Realty.

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