HousingHandbookReference data

U.S. ZIP Code · ID83440

Madison County

Typical home value

$422,518[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.7%
5-year / yr
+5.6%
10-year / yr
+8.4%

Relative price

vs U.S.
+48.7%
vs metro
vs state
-2.5%
ZIP 83440 location in ID
Location of ZIP 83440 in ID

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 83440 is worth $422,518. Over the past year, values have risen 5.7%. Homes here rent for a typical $1,157 a month — a 3.3% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,157[2]
Gross yield
3.3%[2]
Cap rate
2.0%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$2,359[3]

#Climate risk

FEMA National Risk Index ratings for Madison County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Very Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
51,421[3]
Median household income
$58,159[3]

#Migration

Household moves in and out of Madison County over a year, from IRS tax-return data.

Net migration
-361[5]
Moved in
2,341
Moved out
2,702

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
11
Elementary
7
Middle
2
High
2
  • MADISON SENIOR HIGH SCHOOL

    High · Grades 10–12 · MADISON DISTRICT

    1,320 students

  • MADISON JUNIOR HIGH SCHOOL

    Middle · Grades 7–9 · MADISON DISTRICT

    1,256 students

  • MADISON MIDDLE SCHOOL

    Middle · Grades 4–6 · MADISON DISTRICT

    835 students

  • BURTON ELEMENTARY SCHOOL

    Elementary · Grades PK–4 · MADISON DISTRICT

    673 students

  • KENNEDY ELEMENTARY SCHOOL

    Elementary · Grades K–4 · MADISON DISTRICT

    379 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield3.3%
Net yield (after ~40% expenses)2.0%
Annual rent$13,884

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,136
Loan principal$338,014
Down payment$84,504
Total interest paid$431,119

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio2.32
Monthly cost to own$2,686
Monthly rent$1,157

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 83440?
The typical home in 83440 is worth $422,518, based on the Zillow Home Value Index.
Are home values rising in 83440?
Home values in 83440 are up 5.7% over the past year, and up 5.6% a year over five years.
What is the typical rent in 83440?
A typical home in 83440 rents for about $1,157 a month, a gross rental yield of 3.3%.
What is the property tax rate in 83440?
The effective property tax rate in 83440 is 0.6% — roughly $2,359 a year on a typical home.
Who lives in 83440?
ZIP code 83440 has a population of 51,421 and a median household income of $58,159.

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