Housing in Madison, New Jersey
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| Median Home Age | 54.7 | 35.1 |
| Median Home Cost | $532,900 | $153,800 |
| Home Appreciation | -2.33% | 1.62% |
| Homes Owned | 62.34% | 57.69% |
| Housing Vacant | 5.02% | 11.38% |
| Homes Rented | 32.64% | 30.93% |
| Property Tax Rate | $18.49 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 0.00% | 2.72% |
| $20,000 to $39,999 | 0.00% | 4.03% |
| $40,000 to $59,999 | 0.00% | 5.58% |
| $60,000 to $79,999 | 0.00% | 7.09% |
| $80,000 to $99,999 | 0.00% | 8.80% |
| $100,000 to $149,999 | 0.14% | 21.26% |
| $150,000 to $199,999 | 0.00% | 14.87% |
| $200,000 to $299,999 | 3.31% | 16.82% |
| $300,000 to $399,999 | 11.18% | 7.83% |
| $400,000 to $499,999 | 18.58% | 4.04% |
| $500,000 to $749,999 | 39.11% | 4.05% |
| $750,000 to $999,999 | 10.74% | 1.26% |
| $1,000,000 or more | 16.94% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 8.02% | 13.71% |
| 1995 to 1998 | 3.04% | 14.31% |
| 1990 to 1994 | 3.04% | 14.31% |
| 1980 to 1989 | 10.17% | 13.87% |
| 1970 to 1979 | 6.11% | 16.17% |
| 1960 to 1969 | 9.15% | 11.70% |
| 1950 to 1959 | 25.59% | 11.08% |
| 1940 to 1949 | 12.65% | 6.02% |
| 1939 or Earlier | 25.26% | 13.15% |
The median home value in Madison, NJ, is $532,900. Home appreciation is -2.33% over the last year. The median age of Madison, NJ, real estate is 55 years.
Madison, NJ Apartments and Rentals
Renters make up 32.64% of the Madison, NJ, population. 5.02% of houses and apartments in Madison, NJ, are unoccupied (vacancy rate).
Madison Housing SperlingViews
Madison NJ: The Borough of Madison is located in Morris County. It is 23 miles by car, west of New York City and sits on the Mid-Town Direct rail line. Madison is well know for its... (read more)Have an opinion about Madison? Leave a commentTo See All SperlingViews for Madison Click Here
