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Madison, WV
Full City Profile · West Virginia · Boone County County
3.1
/5.0
B
Good
2,840
Population
372/sq mi density
$57,073
Median Income
$30,987 per capita
$127,200
Home Value
$128,074 Zillow
$1,015
Median Rent
21.2% income on rent
56°F
Avg Temperature
293 sunny days/yr
238
Violent Crime/100K
4,120 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$57,073 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$127,200 home value, $1,015/mo rent
F
Safety
1.0 / 5.0
238 violent crimes/100K
C+
Education
2.7 / 5.0
21.5% bachelor's degree or higher
Housing Overview
Median Home Value
$127,200
55% below
US avg: $281,900
Median Rent
$1,015/mo
13% below
US avg: $1,163/mo
Homeownership Rate
69.8%
7% above US avg (65.4%)
Total Housing Units
1,286
Median year built: 1959
Home Value by Source
Census Median
$127,200
Zillow (ZHVI)
$128,074
Median Sale Price
$157,500
Median List Price
$289,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.8%
Owner-Occupied
30.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$714/mo
1 Bedroom
$766/mo
2 Bedroom
$945/mo
3 Bedroom
$1,231/mo
4 Bedroom
$1,380/mo
Census median rent:
$1,015/mo
Market Indicators (Redfin)
Median Days on Market
14 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$143
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
21.2%
of renters spending 30%+ of income on housing
32% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
69.8%
Complete Housing Data
Home Values
| Census Median Value | $127,200 |
| Zillow Home Value (ZHVI) | $128,074 |
| Median Sale Price | $157,500 |
| Median List Price | $289,000 |
| Price Per Sq Ft | $143 |
Rent
| Census Median Rent | $1,015 |
| FMR Studio | $714 |
| FMR 1-Bedroom | $766 |
| FMR 2-Bedroom | $945 |
| FMR 3-Bedroom | $1,231 |
| FMR 4-Bedroom | $1,380 |
Market
| Days on Market | 14 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.6% |
| Homes Sold | 1 |
| Active Inventory | 7 |
| Price Per Sq Ft | $143 |
Ownership & Stock
| Owner-Occupied | 69.8% |
| Renter-Occupied | 30.2% |
| Homeownership Rate | 69.8% |
| Total Housing Units | 1,286 |
| Median Year Built | 1959 |
| Rent Burden | 21.2% |