Madison County, Florida: commercial real estate data.
Madison County, Florida had an estimated 18,364 residents on July 1, 2024, up 2.2 percent since the 2020 census base of 17,971, across 696 square miles. County output reached $748.3 m in 2024, 328 establishments operate here, and the SBA record carries 7 7(a) approvals worth $8.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison County
How many people live in Madison County
- Population, American Community Survey 2020-202418,089
- Households6,976
- Average household size2.59
- Median household income$48,485
- Median age44.8
- Median gross rent$874 per month
- Median owner-occupied home value$116,200
- Home value to household income2.4 times
- Annual rent as a share of median income21.6 percent
- Adults 25 and over with a bachelor degree or higher13.9 percent
- Adults 25 and over with a graduate degree5.1 percent
- Adults 25 and over13,552
- Population under 183,196
- Share under 1817.7 percent
- Population 65 and over4,143
- Share 65 and over22.9 percent
- Working age population, 18 to 6410,750
- Civilian labor force6,387
- Unemployment rate5.8 percent
- Labor force participation, adults 18 and over42.9 percent
- Rank by population among Florida counties57th of 67
- Rank by population among US county-equivalents, Puerto Rico included1985th of 3,222
Madison County is the 57th largest of 67 Florida counties by population. A median home costs 2.4 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.9 percent against 17.7 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Madison County
Is Madison County's population growing?
- Population, July 1, 202418,364
- Census 2020 base population17,971
- Population change since the 2020 census base2.19 percent
- Population change, 2023 to 202442
- Births, 2024165
- Deaths, 2024316
- Natural change, 2024-151
- Net domestic migration, 2024195
- Net international migration, 2024-3
- Total net migration, 2024192
- Cumulative net domestic migration, 2021 to 2024935
- Rank by growth among US county-equivalents1109th of 3,144
The county has grown 2.19 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Madison County
Where are people moving to Madison County from?
- Tax returns filed by households arriving486
- People arriving, from those returns935
- Tax returns filed by households leaving350
- Net household movement136
- Adjusted gross income arriving$21.3 m
- Net adjusted gross income movement$6.1 m
- Average income of an arriving household$43,796
- Average income of a leaving household$43,280
- Largest single originLeon County (48 households)
- Largest single destinationLowndes County (43 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Leon County | 48 | 74 | $1.0 m |
| Lowndes County | 38 | 85 | $1.3 m |
| Suwannee County | 23 | 46 | $612,000 |
| Taylor County | 20 | 35 | $1.1 m |
Households arriving report $516 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Leon County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Madison County
What is the Madison County economy?
- County GDP, 2024$748.3 m
- County GDP, 2023$661.0 m
- GDP change, 2023 to 202413.2 percent
- GDP change over five years60.7 percent
- Rank by GDP among the Florida areas BEA publishes56th of 67
- Rank by GDP among the US county areas BEA publishes2079th of 3,127
- GDP per resident$41,368
Output grew 13.2 percent in the latest year and 60.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Madison County
Employment by industry in Madison County
- Covered employment, annual average4,811
- Establishments reporting448
- Average annual pay$44,239
- Average weekly wage$851
- Retail trade, employment594
- Retail trade, average annual pay$32,162
- Manufacturing, employment538
- Manufacturing, average annual pay$54,795
- Accommodation and food services, employment434
- Accommodation and food services, average annual pay$20,630
- Administrative and support and waste management services, employment201
- Administrative and support and waste management services, average annual pay$42,267
- Wholesale trade, employment112
- Finance and insurance, employment88
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 594 | 75 | $32,162 |
| Manufacturing | 538 | 13 | $54,795 |
| Accommodation and food services | 434 | 39 | $20,630 |
| Administrative and support and waste management services | 201 | 28 | $42,267 |
| Wholesale trade | 112 | 14 | $60,545 |
| Finance and insurance | 88 | 16 | $59,132 |
| Transportation and warehousing | 76 | 15 | $58,272 |
| Utilities | 71 | 7 | $102,903 |
Retail trade is the largest private sector at 594 jobs, 12.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Madison County
How many businesses are in Madison County?
- Establishments, all industries328
- Employment at those establishments3,264
- Annual payroll$130.1 m
- Establishments per 1,000 residents18.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Madison County
Building permits in Madison County
- Housing units authorized by permit, 202430
- Declared construction value permitted$7.4 m
- Single family units authorized28
- Multifamily units authorized2
- Multifamily share of units6.7 percent
- Average declared value per unit$246,056
- Units authorized per 1,000 households4.3
Single-family homes are 93.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Madison County
SBA loans in Madison County (7(a) and 504)
- 7(a) approvals recorded7
- 7(a) gross approval dollars$8.6 m
- Average 7(a) approval$1,231,543
- Median 7(a) approval$450,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)37
- Jobs per approval5.3
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter4
- Franchise loans1
- Franchise share of approvals14.3 percent
- 504 approvals recorded5
- 504 gross approval dollars$2.3 m
- Average 504 approval$457,800
- Median 504 approval$192,000
- Distinct CDCs active2
- 504 jobs per approval7.2
- 504 jobs per million dollars approved15.7
- Most active CDCFlorida First Capital Finance Corporation, Inc. (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$10.9 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA loan default and charge-off rates in Madison County
Do SBA loans in Madison County get paid back?
- Loans with a final outcome recorded2
- Paid in full0
- Charged off2
- Status: Exempt from disclosure5
- Status: Charged off2
Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA lending by place in Madison County
- Borrower cities with recorded lending2
- Madison, approvals6
- Lee, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Madison | 6 | $6,504,000 |
| Lee | 1 | $2,116,800 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
How large is Madison County?
- Land area696 sq mi
- Rank by land area among Florida counties34th of 67
- Width, east to west38.7 mi
- Height, north to south27 mi
- Geographies sharing a boundary7
- Residents per square mile of land26
- Establishments per square mile0.47
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Madison County
Flood risk in Madison County
- Participation of the county's own NFIP community Madison County, unincorporated areasParticipating, community 120149
- Community Rating System class of the county's own communityClass 8
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 8
- Communities carrying a CRS class1
- Radon levels in Madison County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Madison County (community 120149), participates in the National Flood Insurance Program and carries Community Rating System class 8, a flood insurance premium discount for policies written there. The EPA places Madison County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 8, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Madison County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Madison County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202418,089
- Households6,976
- Average household size2.59
- Median household income$48,485
- Median age44.8
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Florida?
The Census Bureau estimates 18,364 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 18,089, in 6,976 households, ranking 57th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County's population growing?
The population has grown 2.19 percent since the 2020 census base of 17,971, to 18,364 on July 1, 2024. In 2024 there were 165 births against 316 deaths, with net migration of 192. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$48,485. The median owner-occupied home is valued at $116,200, which is 2.4 times income, and median gross rent is $874 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Madison County?
328 establishments, employing 3,264 people with an annual payroll of $130.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Madison County?
Retail trade is the largest private sector at 594 jobs, 12.3 percent of covered employment. Covered employment averages 4,811 jobs at an average annual pay of $44,239, or $851 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Madison County?
7 7(a) approvals totaling $8.6 m since FY2020, across 6 lenders, with a median approval of $450,000, plus 5 504 approvals worth $2.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Madison County?
30 housing units were authorized by permit in 2024, with a declared construction value of $7.4 m. Multifamily was 6.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Madison County come from?
The largest single origin is Leon County, with 48 households. Arriving households report an average income of $43,796 against $43,280 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Madison County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Madison County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Madison County
Cities and places in Madison.
3 Census places lie wholly or partly in Madison County. All 3 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Madison | city | 2,967 | 6 | Wholly in this county |
| Greenville | town | 1,650 | None recorded | Wholly in this county |
| Lee | town | 835 | 1 | Wholly in this county |