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States / New Jersey / Madison

Madison, NJ Housing

ACS 2020-2024

Median Home Value
$943,200 ± $43,310
Median Gross Rent
$2,253 ± $120/mo
Homeownership Rate
63.8%
Rent as Share of Income
15.8%
Price-to-Income Ratio
5.5×
Vacancy Rate
2.9%
Median Year Built
1961

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
23
Buildings
19
Single-Family Units
18
Multi-Family Units
5

Nearby Cities in New Jersey

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Madison, NJ Housing: Rent & Home Values | HomeDataUSA