Madison County, Idaho: commercial real estate data.
Madison County, Idaho had an estimated 55,549 residents on July 1, 2024, up 5.0 percent since the 2020 census base of 52,911, across 469 square miles. County output reached $2.01 bn in 2024, 1,113 establishments operate here, and the SBA record carries 50 7(a) approvals worth $23.8 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 2020-202454,618
- Households13,326
- Average household size4.10
- Median household income$60,160
- Median age21.4
- Median gross rent$1,014 per month
- Median owner-occupied home value$414,800
- Home value to household income6.9 times
- Annual rent as a share of median income20.2 percent
- Adults 25 and over with a bachelor degree or higher41.8 percent
- Adults 25 and over with a graduate degree12.9 percent
- Adults 25 and over18,417
- Population under 1811,054
- Share under 1820.2 percent
- Population 65 and over2,945
- Share 65 and over5.4 percent
- Working age population, 18 to 6440,619
- Civilian labor force30,852
- Unemployment rate8.3 percent
- Labor force participation, adults 18 and over70.8 percent
- Rank by population among Idaho counties7th of 44
- Rank by population among US county-equivalents, Puerto Rico included953rd of 3,222
Madison County is the 7th largest of 44 Idaho counties by population. A median home costs 6.9 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.2 percent against 5.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Madison County
Is Madison County's population growing?
- Population, July 1, 202455,549
- Census 2020 base population52,911
- Population change since the 2020 census base4.99 percent
- Population change, 2023 to 2024426
- Births, 20241,116
- Deaths, 2024217
- Natural change, 2024899
- Net domestic migration, 2024-1,115
- Net international migration, 2024642
- Total net migration, 2024-473
- Cumulative net domestic migration, 2021 to 2024-2,725
- Rank by growth among US county-equivalents533rd of 3,144
The county has grown 4.99 percent since the 2020 census base. Births exceeded deaths in 2024 by more than net migration took away, so the population grew even though more people left than moved in.
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 arriving2,008
- People arriving, from those returns4,108
- Tax returns filed by households leaving2,601
- Net household movement-593
- Adjusted gross income arriving$83.7 m
- Net adjusted gross income movement$-21.5 m
- Average income of an arriving household$41,686
- Average income of a leaving household$40,449
- Largest single originBonneville County (173 households)
- Largest single destinationBonneville County (342 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Bonneville County | 173 | 373 | $8.3 m |
| Jefferson County | 137 | 348 | $6.1 m |
| Utah County | 110 | 220 | $4.2 m |
| Fremont County | 91 | 201 | $4.1 m |
| Salt Lake County | 74 | 129 | $3.0 m |
| Maricopa County | 70 | 127 | $2.5 m |
| Ada County | 58 | 124 | $3.0 m |
| Bannock County | 44 | 95 | $1.9 m |
Households arriving report $1,237 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 Bonneville 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$2.01 bn
- County GDP, 2023$1.95 bn
- GDP change, 2023 to 20242.7 percent
- GDP change over five years39.9 percent
- Rank by GDP among the Idaho areas BEA publishes13th of 44
- Rank by GDP among the US county areas BEA publishes1276th of 3,127
- GDP per resident$36,755
Output grew 2.7 percent in the latest year and 39.9 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 average17,397
- Establishments reporting1,707
- Average annual pay$42,345
- Average weekly wage$814
- Educational services, employment2,182
- Educational services, average annual pay$63,596
- Retail trade, employment2,036
- Retail trade, average annual pay$35,065
- Accommodation and food services, employment1,762
- Accommodation and food services, average annual pay$15,317
- Health care and social assistance, employment1,714
- Health care and social assistance, average annual pay$34,055
- Administrative and support and waste management services, employment1,363
- Manufacturing, employment967
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Educational services | 2,182 | 37 | $63,596 |
| Retail trade | 2,036 | 173 | $35,065 |
| Accommodation and food services | 1,762 | 104 | $15,317 |
| Health care and social assistance | 1,714 | 242 | $34,055 |
| Administrative and support and waste management services | 1,363 | 110 | $34,958 |
| Manufacturing | 967 | 60 | $46,307 |
| Professional, scientific and technical services | 833 | 203 | $58,749 |
| Construction | 759 | 227 | $48,459 |
Educational services is the largest private sector at 2,182 jobs, 12.5 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 industries1,113
- Employment at those establishments21,463
- Annual payroll$663.2 m
- Establishments per 1,000 residents20.4
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, 2024274
- Declared construction value permitted$73.3 m
- Single family units authorized186
- Multifamily units authorized88
- Multifamily share of units32.1 percent
- Average declared value per unit$267,653
- Units authorized per 1,000 households20.6
Single-family homes are 67.9 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 recorded50
- 7(a) gross approval dollars$23.8 m
- Average 7(a) approval$476,484
- Median 7(a) approval$100,000
- 10th percentile approval$11,800
- 90th percentile approval$1,675,250
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)426
- Jobs per approval8.5
- Distinct 7(a) lenders active17
- Distinct industries receiving approvals39
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.0 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter42
- Franchise loans4
- Franchise share of approvals8.0 percent
- Leading industry by approval countCustom Computer Programming Services (3)
- Most active lenderZions Bank, A Division of (14)
- 504 approvals recorded49
- 504 gross approval dollars$28.9 m
- Average 504 approval$589,224
- Median 504 approval$367,000
- Distinct CDCs active7
- 504 jobs per approval11.0
- 504 jobs per million dollars approved18.6
- Most active CDCEast-Central Idaho Development Company (38)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$52.7 m
The average approval of $476,484 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 12.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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 recorded9
- Paid in full9
- Charged off0
- Status: Exempt from disclosure36
- Status: Paid in full9
- Status: Cancelled4
- Status: Committed, not yet disbursed1
Only 9 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 lending4
- Rexburg, approvals47
- Draper, approvals1
- Sugar City, approvals1
- Teton, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Rexburg | 47 | $21,969,700 |
| Draper | 1 | $1,674,500 |
| Sugar City | 1 | $150,000 |
| Teton | 1 | $30,000 |
Rexburg accounts for 47 approvals against 1 in Draper. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
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 area469 sq mi
- Rank by land area among Idaho counties42nd of 44
- Width, east to west29.2 mi
- Height, north to south21.2 mi
- Geographies sharing a boundary4
- Residents per square mile of land116
- Establishments per square mile2.37
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 160217
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Madison County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Madison County (community 160217), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Madison County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 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 2020-202454,618
- Households13,326
- Average household size4.10
- Median household income$60,160
- Median age21.4
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Idaho?
The Census Bureau estimates 55,549 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 54,618, in 13,326 households, ranking 7th of 44 Idaho 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 4.99 percent since the 2020 census base of 52,911, to 55,549 on July 1, 2024. In 2024 there were 1,116 births against 217 deaths, with net migration of -473. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$60,160. The median owner-occupied home is valued at $414,800, which is 6.9 times income, and median gross rent is $1,014 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Madison County?
1,113 establishments, employing 21,463 people with an annual payroll of $663.2 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?
Educational services is the largest private sector at 2,182 jobs, 12.5 percent of covered employment. Covered employment averages 17,397 jobs at an average annual pay of $42,345, or $814 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?
50 7(a) approvals totaling $23.8 m since FY2020, across 17 lenders, with a median approval of $100,000, plus 49 504 approvals worth $28.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Madison County?
274 housing units were authorized by permit in 2024, with a declared construction value of $73.3 m. Multifamily was 32.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 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 Bonneville County, with 173 households. Arriving households report an average income of $41,686 against $40,449 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.
2 Census places lie wholly or partly in Madison County. All 2 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 |
|---|---|---|---|---|
| Rexburg | city | 40,543 | 47 | Wholly in this county |
| Sugar City | city | 2,122 | 1 | Wholly in this county |
A further 2 of the county's 50 SBA 7(a) approvals are to borrowers in cities that match no Census place in Madison County, the largest being Draper (1), Teton (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby