Madison, NJ Overview

Newcomers to the Madison area will find a lively college-town atmosphere where attractive homes line tranquil tree-lined streets.  Madison features the private institutions of Drew University and the College of St. Elizabeth.  The architectural charm of a quaint town center with a shopping district, a dramatic Gothic train station, and a town hall with a marble portico are just some of the many asthetic benefits of the area.  Beautiful Victorian houses and stately mansions include the area known as “Millionaire’s Row.”  Recreational amenities include a conservation area in Florham Park, lush local parks, playgrounds, sports facilities, league sports, tennis courts, swimming pools, a skating rink, YMCA facilities, and a golf course.  Transportation efficiencies combine major thoroughfares with bus service to New York and train service to Hoboken from Madison.

Summary

Population Growth (since 2000)-1%
Population Density (ppl / mile)3,858.00
Household Size (ppl)2.577
Households w/ Children37%

Housing Stability

Annual Residential Turnover0%
5+ Years in Residency42%
Median Year in Residency4.21

Housing Inventory

Madison, NJ Housing Inventory 3,7122751,9223,7122751,922

Market Overview

51 listings with an estimated median price of $1,095,000

PriceCount
$400K - 500K3
$500K - 600K4
$600K - 700K6
$700K - 800K2
$800K - 900K4
$900K - 1M4
$1M - Max28
Property TypeCount
Single Family45
Townhouse1
Rental8
Condo/Town/CoOp4
Multi Family1

(Data as of 10/24/2020)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Madison, NJ Population Demographics

Total: 16,228

Households:5,634

Median Age: 37.73

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Madison, NJ Temperature

Weather Risk

Madison, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Madison, NJ Education Climate Index

Highest Education Level Attained

Madison, NJ Highest Education Level Attained 1,4921,0033832761523,2413,7201,4921,0033832761523,2413,720

Employment and Finance

Workforce

Madison, NJ Workforce

Income by dollar range (Median Income: $124,037)

Madison, NJ Income by dollar range 173121123129113105127120912683785455454831,029717308259

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,007
One Bedroom
$1,063
Two Bedroom
$1,288
Three Bedroom
$1,655
Four Bedroom
$1,886

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Madison, NJ Crime

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