HomeMinnesotaLac qui Parle CountyMadison city
Madison city, Minnesota: commercial real estate data.
Madison city is a Census city of 1,550 people across 1.05 square miles of land, in Lac qui Parle County. Median household income is $61,172, 73.1 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $664,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Madison
What Madison is
- Census place typecity
- Land area1.05 sq mi
- Water area0 sq mi
- Population per square mile of land1,476
- County holding the largest share of its areaLac qui Parle 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
- Population1,550
- Median age51.3
- Population under 18306
- Share under 1819.7 percent
- Population 65 and over553
- Share 65 and over35.7 percent
- Households737
- Family households413
- Share of households that are families56.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Income and work in Madison
- Median household income$61,172
- Per capita income$40,909
- Civilian labor force657
- Employed640
- Unemployed17 plus or minus 11
- Unemployment rate2.6 percent plus or minus 1.6
- Adults 25 and over1,160
- Adults 25 and over with a high school diploma or higher95.4 percent
- Adults 25 and over with a bachelor degree or higher20.8 percent
- Adults 25 and over with a graduate degree4.3 percent plus or minus 1.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Housing in Madison
- Housing units915
- Occupied units737
- Vacant units178 plus or minus 53
- Vacancy rate19.5 percent plus or minus 5.6
- Owner occupied539
- Renter occupied198 plus or minus 48
- Ownership rate73.1 percent
- Median owner-occupied home value$97,000 plus or minus $20,385
- Median gross rent, monthly$838
- Annual rent as a share of median income16.4 percent
- Single family units673
- Share single family73.6 percent
- Units in buildings of two or more238 plus or minus 54
- Share in buildings of two or more26.0 percent plus or minus 5.5
- Mobile homes4 plus or minus 5
- Median year structure built1955
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 commute566
- Commuting under 15 minutes354
- Share commuting under 15 minutes62.5 percent
- Commuting 30 minutes or more106 plus or minus 33
- Share commuting 30 minutes or more18.7 percent plus or minus 5.3
- Drove alone73.0 percent
- Carpooled9.6 percent plus or minus 4.0
- Public transport0.5 percent plus or minus 0.6
- Walked6.6 percent plus or minus 3.3
- Worked from home9.1 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals4
- Gross approval$664,000
- Average approval$166,000
- Median approval$150,000
- Ninetieth percentile approval$359,000
- Largest approval$359,000
- Jobs supported33
- Jobs per approval8.3
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lac qui Parle County, not Madison
Lac qui Parle County context, not Madison figures
These are Lac qui Parle County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Madison measurements.
- Establishments in Lac qui Parle County197
- Employment at those establishments, Lac qui Parle County1,712
- Covered employment, Lac qui Parle County2,185
- Average annual pay, Lac qui Parle County$47,748
- Average weekly wage, Lac qui Parle County$918
- Housing units permitted, Lac qui Parle County3
- Of those, single family, Lac qui Parle County3
- County product, 2024, Lac qui Parle County$434,989,000
- County product change over the prior year, Lac qui Parle County-2.2 percent
- Average income of an arriving household, Lac qui Parle County$48,104
Every figure in this section is published for Lac qui Parle County as a whole and is not a measurement of Madison. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Madison questions, answered from the record.
How many people live in Madison, Minnesota?
1,550, in 737 households. Madison city covers 1.05 square miles of land, which is 1,476 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?
Lac qui Parle 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?
$61,172. The median owner-occupied home is valued at $97,000. Median gross rent is $838 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?
4 7(a) approvals totalling $664,000, across 2 lenders, median approval $150,000. 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 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Madison figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lac qui Parle 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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