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2025 Compare Cities Housing:
New Providence, NJ vs Madison, NJ

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Highlights
- The median age of a home in New Providence is 6.7% younger than the median age of a home in Madison.
 New Providence, NJMadison, NJUnited States
 Median Home Age60  Unlock42
 Median Home Cost  Unlock$834,400$338,100
 Home Appr. Last 12 months12.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock29.3%57.0%
 Home Appr. Last 10 yrs.44.3%  Unlock101.1%
 Property Tax Rate  Unlock$22.0$11.0
 Homes Owned76.1%  Unlock57.4%
 Housing Vacant  Unlock4.2%11.2%
 Homes Rented22.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 New Providence, NJMadison, NJUnited States
 Average Rent  Unlock$2,700$1,840
 Studio Apartment$1,520  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,800$1,180
 2 Bedroom Home or Apartment$2,160  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,740$1,860
 4 Bedroom Home or Apartment$3,230  Unlock$2,160
 space1
 Vacant Housing
 New Providence, NJMadison, NJUnited States
 Vacant For Rent  Unlock0.4%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock1.3%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.0%3.6%
 Vacant Other0.7%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 New Providence, NJMadison, NJUnited States
 Less Than $20,000  Unlock0.4%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock1.1%2.8%
 $60,000 to $79,9990.0%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9990.2%  Unlock11.3%
 $150,000 to $199,999  Unlock0.0%13.0%
 $200,000 to $299,9994.9%  Unlock20.1%
 $300,000 to $399,999  Unlock5.8%13.6%
 $400,000 to $499,99911.2%  Unlock8.3%
 $500,000 to $749,999  Unlock36.3%9.7%
 $750,000 to $999,99919.2%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock16.3%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock2.3%1.1%
 space3
 Housing Units By Year Built
 New Providence, NJMadison, NJUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock4.1%13.6%
 2000 to 20093.8%  Unlock13.6%
 1990 to 1999  Unlock6.7%13.6%
 1980 to 19893.1%  Unlock13.2%
 1970 to 1979  Unlock3.7%14.8%
 1960 to 19696.3%  Unlock13.6%
 1950 to 1959  Unlock21.1%10.0%
 1940 to 19492.3%  Unlock4.7%
 1939 or Earlier  Unlock26.8%12.2%
Transportation
Reviews for New Providence    3 Reviews
Jackie · Alamo, CA
Property Taxes In New Jersey
Over 16 years ago

Highest in the nation. Escape if you  More

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Justin · New Providence, NJ
New Providence
Over 16 years ago

New Providence, once an adorable, comfortable, quiet town is turning for the  More

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Marcus · New Providence, NJ
Nice Place to Live
Over 17 years ago

We moved to New Providence last summer and it is one of the nicest places I have lived. Quiet, safe with great schools and great surrounding towns. It borders Chatham  More

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Reviews for Madison    3 Reviews
Matt · Madison, NJ
Old, wealthy town with some college vibrance
Over 12 years ago

I grew up in Madison, and while I seriously appreciate what growing up in the town had to offer, it was a town that I grew out of pretty fast. Madison is small, with  More

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LVB · Madison, NJ
Cost of living
Over 12 years ago

Madison is  More

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Michael · Madison, NJ
Madison NJ
Over 15 years ago

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  More

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Learn More About New Providence, New Jersey
Overview
Cost of Living
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Crime
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Learn More About Madison, New Jersey
Overview
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