Madison, NJ Real Estate

According to census data in the year 2000 there were 5,641 housing units in Madison. This represents a 1.4% growth from 5,564 in 1990.

Of those housing units, 5,641 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Madison is about 67%. Madison's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Madison were built after 1953.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom14%
Two Bedrooms22.50%
Three Bedrooms30.30%
Four Bedrooms23.10%
Five Bedrooms or more9.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1953
Median Value of occupied units$362,400
Median Price asked for vacant units$350,000

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1954
Median Monthly Rent asked for vacant units$900

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage6.40%
Home Equity Loan10.90%
Simple Mortgage51.70%
Debt Free30.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.9%