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Madison, VA
Full City Profile · Virginia · Madison County County
2.2
/5.0
C
Fair
328
Population
1,367/sq mi density
$47,059
Median Income
$30,821 per capita
$312,500
Home Value
$381,273 Zillow
$986
Median Rent
30.0% income on rent
56°F
Avg Temperature
293 sunny days/yr
368
Violent Crime/100K
1,903 property/100K
C
Overall
2.2 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$47,059 median income, 4.5% unemployment
C+
Affordability
2.9 / 5.0
$312,500 home value, $986/mo rent
F
Safety
1.0 / 5.0
368 violent crimes/100K
C
Education
2.0 / 5.0
12.7% bachelor's degree or higher
Housing Overview
Median Home Value
$312,500
11% above
US avg: $281,900
Median Rent
$986/mo
15% below
US avg: $1,163/mo
Homeownership Rate
38.2%
42% below US avg (65.4%)
Total Housing Units
168
Median year built: 1941
Home Value by Source
Census Median
$312,500
Zillow (ZHVI)
$381,273
Median Sale Price
$422,500
Median List Price
$5,850,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
38.2%
Owner-Occupied
61.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$923/mo
1 Bedroom
$971/mo
2 Bedroom
$1,066/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,667/mo
Census median rent:
$986/mo
Market Indicators (Redfin)
Median Days on Market
106 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$261
Active Inventory
3
homes for sale
Affordability & Housing Stock
Rent Burden
30.0%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1941
Average age of housing stock: 85 years
Homeownership Rate
38.2%
Complete Housing Data
Home Values
| Census Median Value | $312,500 |
| Zillow Home Value (ZHVI) | $381,273 |
| Median Sale Price | $422,500 |
| Median List Price | $5,850,000 |
| Price Per Sq Ft | $261 |
Rent
| Census Median Rent | $986 |
| FMR Studio | $923 |
| FMR 1-Bedroom | $971 |
| FMR 2-Bedroom | $1,066 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,667 |
Market
| Days on Market | 106 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 3 |
| Price Per Sq Ft | $261 |
Ownership & Stock
| Owner-Occupied | 38.2% |
| Renter-Occupied | 61.8% |
| Homeownership Rate | 38.2% |
| Total Housing Units | 168 |
| Median Year Built | 1941 |
| Rent Burden | 30.0% |