HomeOhioLake CountyMadison
Madison, Ohio: commercial real estate data.
Madison is a Census village of 3,417 people across 5.09 square miles of land, in Lake County. Median household income is $94,928, 91.4 percent of occupied homes are owned, and the SBA record carries 41 7(a) approvals to borrowers here worth $9.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison
What Madison is
- Census place typevillage
- Land area5.09 sq mi
- Water area0 sq mi
- Population per square mile of land672
- County holding the largest share of its areaLake 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
- Population3,417
- Median age44.4
- Population under 18772 plus or minus 181
- Share under 1822.6 percent plus or minus 5.3
- Population 65 and over678 plus or minus 153
- Share 65 and over19.8 percent plus or minus 4.5
- Households1,330
- Family households929
- Share of households that are families69.8 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$94,928
- Per capita income$37,502
- Civilian labor force1,763
- Employed1,718
- Unemployed45 plus or minus 47
- Unemployment rate2.6 percent plus or minus 2.7
- Adults 25 and over2,365
- Adults 25 and over with a high school diploma or higher92.6 percent
- Adults 25 and over with a bachelor degree or higher20.7 percent plus or minus 4.9
- Adults 25 and over with a graduate degree9.3 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 units1,432
- Occupied units1,330
- Vacant units102 plus or minus 70
- Vacancy rate7.1 percent plus or minus 4.9
- Owner occupied1,215
- Renter occupied115 plus or minus 48
- Ownership rate91.4 percent
- Median owner-occupied home value$207,100
- Median gross rent, monthly$961
- Annual rent as a share of median income12.1 percent
- Single family units1,292
- Share single family90.2 percent
- Units in buildings of two or more140 plus or minus 85
- Share in buildings of two or more9.8 percent plus or minus 5.9
- Mobile homes0
- Median year structure built1976
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 commute1,452
- Commuting under 15 minutes355 plus or minus 97
- Share commuting under 15 minutes24.4 percent plus or minus 6.1
- Commuting 30 minutes or more668 plus or minus 187
- Share commuting 30 minutes or more46.0 percent plus or minus 11.9
- Drove alone78.1 percent
- Carpooled5.7 percent plus or minus 4.5
- Public transport1.2 percent plus or minus 1.5
- Walked0.0 percent
- Worked from home14.9 percent plus or minus 5.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals41
- Gross approval$9,226,100
- Average approval$225,027
- Median approval$50,000
- Ninetieth percentile approval$416,500
- Largest approval$1,840,900
- Jobs supported520
- Jobs per approval12.7
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.8 percent
- Share to franchises9.8 percent
- Distinct lenders6
- Distinct industries by NAICS21
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)
- Approvals5
- Gross approval$7,031,000
- Average approval$1,406,200
- Median approval$527,000
- Largest approval$3,088,000
- Jobs supported41
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2010 to FY2026. Only 1 loan has 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 communityVillage of Madison
- NFIP community number390316
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/03/10
The Village of Madison participates in the National Flood Insurance Program as community 390316 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.
Lake County, not Madison
Lake County context, not Madison figures
- Establishments in Lake County5,504
- Covered employment, Lake County98,558
- Average annual pay, Lake County$59,040
- Housing units permitted, Lake County428
Every figure in this section is published for Lake 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, Ohio?
3,417, in 1,330 households. Madison village covers 5.09 square miles of land, which is 672 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?
Lake 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?
$94,928. The median owner-occupied home is valued at $207,100. Median gross rent is $961 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?
41 7(a) approvals totaling $9.2 m since FY2020, across 6 lenders, median approval $50,000, plus 5 504 approvals worth $7.0 m 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, village of, community 390316, 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 Lake 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.