HomeMinnesotaLac qui Parle CountyMadison
Madison, Minnesota: commercial real estate data.
Madison 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 since FY2020.
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$140,000
- Largest approval$359,000
- Jobs supported33
- Jobs per approval8.3
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term192 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2020 to FY2026. Only 2 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.
Lac qui Parle County, not Madison
Lac qui Parle County context, not Madison figures
- Establishments in Lac qui Parle County197
- Covered employment, Lac qui Parle County2,185
- Average annual pay, Lac qui Parle County$47,748
- Housing units permitted, Lac qui Parle County3
Every figure in this section is published for Lac qui Parle County as a whole and is not a measurement of Madison.
All Lac qui Parle County figures →
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, 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 totaling $664,000 since FY2020, across 2 lenders, median approval $140,000. 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 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.
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 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?
No. Nothing on this page presents parcel level zoning.
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