HomeMaineSomerset CountyMadison
Madison, Maine: commercial real estate data.
Madison is a Census CDP of 2,676 people across 6.43 square miles of land, in Somerset County. Median household income is $61,698, 38.9 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $174,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison
What Madison is
- Census place typeCDP
- Land area6.43 sq mi
- Water area0.28 sq mi
- Population per square mile of land416
- County holding the largest share of its areaSomerset County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
How many people live in Madison
- Population2,676
- Median age44.9 plus or minus 12.3
- Population under 18311 plus or minus 157
- Share under 1811.6 percent plus or minus 5.7
- Population 65 and over612 plus or minus 215
- Share 65 and over22.9 percent plus or minus 7.5
- Households1,340
- Family households591 plus or minus 156
- Share of households that are families44.1 percent plus or minus 9.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Income and work in Madison
- Median household income$61,698 plus or minus $20,250
- Per capita income$32,120
- Civilian labor force1,578
- Employed1,563
- Unemployed15 plus or minus 28
- Unemployment rate1.0 percent plus or minus 1.8
- Adults 25 and over2,077
- Adults 25 and over with a high school diploma or higher96.4 percent
- Adults 25 and over with a bachelor degree or higher18.6 percent plus or minus 6.5
- Adults 25 and over with a graduate degree4.2 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Housing in Madison
- Housing units1,385
- Occupied units1,340
- Vacant units45 plus or minus 74
- Vacancy rate3.2 percent plus or minus 5.3
- Owner occupied521 plus or minus 201
- Renter occupied819 plus or minus 223
- Ownership rate38.9 percent plus or minus 13.7
- Median owner-occupied home value$163,900 plus or minus $58,654
- Median gross rent, monthly$850 plus or minus $218
- Annual rent as a share of median income16.5 percent plus or minus 6.9
- Single family units633 plus or minus 208
- Share single family45.7 percent plus or minus 13.0
- Units in buildings of two or more513 plus or minus 200
- Share in buildings of two or more37.0 percent plus or minus 13.1
- Mobile homes239 plus or minus 189
- Median year structure built1953
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
How Madison gets to work
- Workers 16 and over who commute1,179 plus or minus 266
- Commuting under 15 minutes339 plus or minus 167
- Share commuting under 15 minutes28.8 percent plus or minus 12.6
- Commuting 30 minutes or more604 plus or minus 223
- Share commuting 30 minutes or more51.2 percent plus or minus 15.0
- Drove alone62.1 percent plus or minus 12.5
- Carpooled9.1 percent plus or minus 8.7
- Public transport0.0 percent
- Walked5.9 percent plus or minus 6.4
- Worked from home21.2 percent plus or minus 14.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals3
- Gross approval$174,000
- Average approval$58,000
- Median approval$25,000
- Largest approval$124,000
- Jobs supported1
- Jobs per approval0.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison
SBA loans in Madison (504)
- Approvals1
- Gross approval$76,000
- Average approval$76,000
- Median approval$76,000
- Largest approval$76,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term120 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison
Flood risk in Madison
- NFIP communityTown of Madison
- NFIP community number230126
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/03/95
The Town of Madison participates in the National Flood Insurance Program as community 230126 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Somerset County, not Madison
Somerset County context, not Madison figures
- Establishments in Somerset County1,211
- Covered employment, Somerset County16,034
- Average annual pay, Somerset County$55,148
- Housing units permitted, Somerset County118
Every figure in this section is published for Somerset County as a whole and is not a measurement of Madison.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, 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 →
Common questions
Madison questions, answered from the record.
How many people live in Madison, Maine?
2,676, in 1,340 households. Madison CDP covers 6.43 square miles of land, which is 416 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Madison in?
Somerset County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Madison?
$61,698. The median owner-occupied home is valued at $163,900. Median gross rent is $850 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Madison businesses?
3 7(a) approvals totaling $174,000 since FY2020, across 2 lenders, median approval $25,000, plus 1 504 approvals worth $76,000 since FY2010. These count approvals to borrowers whose address is in Madison, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Madison borrowers get paid back?
No rate is published for Madison. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Madison in the National Flood Insurance Program?
Yes. Madison appears in the FEMA Community Status Book as Madison, town of, community 230126, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Madison figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Somerset County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Madison.
Is zoning published for Madison?
No. Nothing on this page presents parcel level zoning.
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