HomeNew JerseyMorris CountyMadison
Madison, New Jersey: commercial real estate data.
Madison is a Census borough of 16,447 people across 4.31 square miles of land, in Morris County. Median household income is $171,471, 63.8 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $7.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison
What Madison is
- Census place typeborough
- Land area4.31 sq mi
- Water area0.01 sq mi
- Population per square mile of land3,815
- County holding the largest share of its areaMorris 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
- Population16,447
- Median age38.2
- Population under 183,814
- Share under 1823.2 percent
- Population 65 and over2,183
- Share 65 and over13.3 percent
- Households5,614
- Family households3,837
- Share of households that are families68.3 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$171,471
- Per capita income$89,692
- Civilian labor force8,838
- Employed8,284
- Unemployed554 plus or minus 165
- Unemployment rate6.3 percent plus or minus 1.8
- Adults 25 and over10,400
- Adults 25 and over with a high school diploma or higher97.1 percent
- Adults 25 and over with a bachelor degree or higher74.1 percent
- Adults 25 and over with a graduate degree32.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Housing in Madison
- Housing units5,781
- Occupied units5,614
- Vacant units167 plus or minus 108
- Vacancy rate2.9 percent plus or minus 1.9
- Owner occupied3,582
- Renter occupied2,032
- Ownership rate63.8 percent
- Median owner-occupied home value$943,200
- Median gross rent, monthly$2,253
- Annual rent as a share of median income15.8 percent
- Single family units4,026
- Share single family69.6 percent
- Units in buildings of two or more1,755
- Share in buildings of two or more30.4 percent
- Mobile homes0
- Median year structure built1961
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 commute5,862
- Commuting under 15 minutes1,881
- Share commuting under 15 minutes32.1 percent
- Commuting 30 minutes or more2,259
- Share commuting 30 minutes or more38.5 percent
- Drove alone51.2 percent
- Carpooled3.2 percent plus or minus 1.4
- Public transport8.0 percent plus or minus 2.7
- Walked7.3 percent plus or minus 2.4
- Worked from home27.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals18
- Gross approval$7,815,500
- Average approval$434,194
- Median approval$250,000
- Largest approval$3,400,000
- Jobs supported160
- Jobs per approval8.9
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more5.6 percent
- Share to franchises16.7 percent
- Distinct lenders13
- Distinct industries by NAICS16
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2020 to FY2026. Only 5 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$511,000
- Average approval$511,000
- Median approval$511,000
- Largest approval$511,000
- Jobs supported1
- Loans with a final outcome0
- Charged off0
- Median term240 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 communityBorough of Madison
- NFIP community number340347
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/15/02
The Borough of Madison participates in the National Flood Insurance Program as community 340347 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.
Morris County, not Madison
Morris County context, not Madison figures
- Establishments in Morris County16,518
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Housing units permitted, Morris County2,055
Every figure in this section is published for Morris 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, New Jersey?
16,447, in 5,614 households. Madison borough covers 4.31 square miles of land, which is 3,815 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?
Morris 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?
$171,471. The median owner-occupied home is valued at $943,200. Median gross rent is $2,253 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?
18 7(a) approvals totaling $7.8 m since FY2020, across 13 lenders, median approval $250,000, plus 1 504 approvals worth $511,000 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 5 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, borough of, community 340347, 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 Morris 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.