Madison

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Property Location

101 W Main St, Madison, Indiana 47250 -

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Community Information
  • Builder:Multiple Builders
  • Price Range:$ - $
  • Home Type:
    Condo, Single Family Home
  • Number of Homes:
  • New / Resale: Both
  • Age Restriction:None
  • Gated:No
  • Average Rating:
 

History

Madison was named after U.S. president James Madison. 700 acres of land, between the bluffs and river, became the town of Madison on April 1, 1809. At the turn of the 1800s, settlers came to the region to capitalize on the Northwest Territory bounty. Madison had 123 residences in 1820, and 4 years later, it surpassed the 1,000 mark. During that time, businesses and shops lined the frequently mud-covered dirt street, and farm animals were flocked down Main Street. In the first part of the 1830s, the building of the Michigan Road made the town a vital transportation center, connecting the rest of the Northwest Territory, as well as Indiana’s interior with the Ohio River.

The golden age of Madison took place during the mid-1800s when it matched any town in Indiana with its urban elegance. Financial institutions and businesses thrived, while foundries and mills were at full production. Madison, after the Mammoth Internal Improvements Act of 1836, turned into a primary component of the local economy, and in 1847, the first railroad in the state started operation and soon started moving farm produce to the town for processing and distribution up and down the Ohio River.

At present, the town has become a small close-knit community renowned for its rich history and historic structures, its gorgeous recreation, scenery and parks, and one-of-a-kind stores and establishments. With numerous opportunities and activities in Madison, those who visit never want to leave the place anymore.

Area and Climate

Madison is a town and Jefferson County, Indiana’s county seat along the Ohio River. As of 2012, there were 12,083 people living in Madison. The town is among the leading population, cultural and economic hubs in a location with a 1,478,673 populace. Madison lies in another bigger metropolitan area called the Indian Golden Triangle (with about 4,500,000 residents). The majority of the downtown area of Madison (the 133-block Madison Historic Landmark District) was delegated the nation’s biggest National Historic Landmark. On August 25, 2006, a fire severely destroyed 2 historic structures in downtown, a past city hall structure being occupied by an insurance firm and the Madison Elks Lodge.

Real Estate and Cost of Living

In 2011, the estimated average value of houses or condominiums in Madison is $112,374 (in 2000, it was $89,700). In 2011, the average prices of mobile homes: $17,679; attached homes and townhomes: $112,304; 5 and up unit buildings: $115,908; all residential units: $123,195; detached homes: $127,781; 3- or 4-unit buildings: $140,153; and 2-unit structures: $172,445.

In Madison, the cost of living index as of March 2012 is 80.9, which is below average, as U.S. median is 100.

Lifestyle and Things to Do

Madison boasts a distinctive blend of privately owned restaurants and shops and larger businesses, as well as 2 primary educational institutes: Ivy Tech Community College and Hanover College. The town’s event calendar has activities and occasions all year round, including a Fourth Friday Art Jam, a flourishing farmer’s market and numerous art and music festivals. Recreation and sports are abundant as well, from walking or biking the picturesque Heritage Trail to hiking or camping at Clifty Falls State Park to boating on the Ohio River. Locals and visitors can spend relaxation time at the various art galleries, wineries and golf courses in the area. Due to the topography and opportunities for recreation, This Old House picked Madison as one of the Midwest’s best locations to purchase an old house.

Those with travel on their itinerary will enjoy the close proximity of 3 international airports: Indianapolis, Louisville and Cincinnati. Everything these metro areas offer will be within a short driving distance, from fine dining to performing arts and museums to spectator sports.

 

 

Amenities

  • Walking & Biking
  • Fitness Facility
  • Golf Course
  • Medical Clinics
  • Shopping / Grocery
  • Library
  • Picnic Area
  • Parks & Natural Space
 

Lifestyle

    Lifestyle not found
 
Property/Community Type : Condo
Golf Facility(Within 10 Mile Radius) : Yes
Coastal Area(Within 10 Mile Radius) : No
Mountain/foot hills area(Within 10 Mile Radius) : No
Lake Property(Within 10 Mile Radius) : No
College Town(College or University Within 15 Mile Radius) : No
Size of Community/Town(25 Mile Radius Estimated) :
Fitness Facility(Within 2 Mile Radius) : Yes

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RetirePlaces.com is in no way affiliated with the builder or developer of Madison The information regarding Madison has not been verified, published or approved by the developer or builder. Please verify all information prior to purchasing. RetirePlaces.com and the developer are not responsible for any errors regarding the information displayed on this website. Pictures displayed may include lifestyle images and features from similar properties or nearby area locations and attractions outside the community. Pictures and content may be added by our users. Information submitted is distributed to the Community Counselor.