All Countries
Madison, NJ
Full City Profile · New Jersey · Union County County
3.9
/5.0
B+
Good
16,464
Population
3,820/sq mi density
$168,469
Median Income
$85,897 per capita
$882,900
Home Value
$965,654 Zillow
$2,248
Median Rent
28.4% income on rent
53°F
Avg Temperature
271 sunny days/yr
6
Violent Crime/100K
423 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$168,469 median income, 4.7% unemployment
B+
Affordability
3.7 / 5.0
$882,900 home value, $2,248/mo rent
C
Safety
2.4 / 5.0
6 violent crimes/100K
A+
Education
5.0 / 5.0
70.7% bachelor's degree or higher
Housing Overview
Median Home Value
$882,900
213% above
US avg: $281,900
Median Rent
$2,248/mo
93% above
US avg: $1,163/mo
Homeownership Rate
64.2%
2% below US avg (65.4%)
Total Housing Units
5,754
Median year built: 1958
Home Value by Source
Census Median
$882,900
Zillow (ZHVI)
$965,654
Median Sale Price
$865,000
Median List Price
$900,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.2%
Owner-Occupied
35.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$2,248/mo
· Zillow rent:
$2,843/mo
Market Indicators (Redfin)
Median Days on Market
36 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
14
Price Drops
10.0%
of listings with price reduction
Price Per Sq Ft
$435
Active Inventory
30
homes for sale
Affordability & Housing Stock
Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
64.2%
Complete Housing Data
Home Values
| Census Median Value | $882,900 |
| Zillow Home Value (ZHVI) | $965,654 |
| Median Sale Price | $865,000 |
| Median List Price | $900,000 |
| Price Per Sq Ft | $435 |
Rent
| Census Median Rent | $2,248 |
| Zillow Rent (ZORI) | $2,843 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 36 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.0% |
| Homes Sold | 14 |
| Active Inventory | 30 |
| Price Per Sq Ft | $435 |
Ownership & Stock
| Owner-Occupied | 64.2% |
| Renter-Occupied | 35.8% |
| Homeownership Rate | 64.2% |
| Total Housing Units | 5,754 |
| Median Year Built | 1958 |
| Rent Burden | 28.4% |