Madison County, Ohio: commercial real estate data.
Madison County, Ohio had an estimated 45,531 residents on July 1, 2024, up 3.8 percent since the 2020 census base of 43,848, across 466 square miles. County output reached $2.97 bn in 2024, 723 establishments operate here, and the SBA record carries 141 7(a) approvals worth $40.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison County
How many people live in Madison County
- Population, American Community Survey 2020-202444,423
- Households15,686
- Average household size2.83
- Median household income$87,045
- Median age41.5
- Median gross rent$943 per month
- Median owner-occupied home value$250,100
- Home value to household income2.9 times
- Annual rent as a share of median income13.0 percent
- Adults 25 and over with a bachelor degree or higher24.2 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over32,247
- Population under 188,860
- Share under 1819.9 percent
- Population 65 and over7,324
- Share 65 and over16.5 percent
- Working age population, 18 to 6428,239
- Civilian labor force21,657
- Unemployment rate3.5 percent
- Labor force participation, adults 18 and over60.9 percent
- Rank by population among Ohio counties53rd of 88
- Rank by population among US county-equivalents, Puerto Rico included1109th of 3,222
Madison County is the 53rd largest of 88 Ohio counties by population. A median home costs 2.9 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 19.9 percent against 16.5 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Madison County
Is Madison County's population growing?
- Population, July 1, 202445,531
- Census 2020 base population43,848
- Population change since the 2020 census base3.84 percent
- Population change, 2023 to 2024863
- Births, 2024451
- Deaths, 2024449
- Natural change, 20242
- Net domestic migration, 2024806
- Net international migration, 202457
- Total net migration, 2024863
- Cumulative net domestic migration, 2021 to 20241,543
- Rank by growth among US county-equivalents717th of 3,144
The county has grown 3.84 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Madison County
Where are people moving to Madison County from?
- Tax returns filed by households arriving1,433
- People arriving, from those returns2,609
- Tax returns filed by households leaving1,331
- Net household movement102
- Adjusted gross income arriving$89.0 m
- Net adjusted gross income movement$17.8 m
- Average income of an arriving household$62,140
- Average income of a leaving household$53,513
- Largest single originFranklin County (708 households)
- Largest single destinationFranklin County (405 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County | 708 | 1,339 | $51.7 m |
| Clark County | 78 | 145 | $4.0 m |
| Union County | 66 | 134 | $4.6 m |
| Pickaway County | 52 | 91 | $2.6 m |
| Delaware County | 44 | 91 | $5.0 m |
| Fayette County | 31 | 66 | $1.4 m |
| Champaign County | 27 | 46 | $1.2 m |
| Montgomery County | 26 | 39 | $1.7 m |
Households arriving report $8,627 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Franklin County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Madison County
What is the Madison County economy?
- County GDP, 2024$2.97 bn
- County GDP, 2023$2.82 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years48.1 percent
- Rank by GDP among the Ohio areas BEA publishes51st of 88
- Rank by GDP among the US county areas BEA publishes987th of 3,127
- GDP per resident$66,940
Output grew 5.6 percent in the latest year and 48.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Madison County
Employment by industry in Madison County
- Covered employment, annual average23,600
- Establishments reporting1,050
- Average annual pay$54,168
- Average weekly wage$1,042
- Transportation and warehousing, employment8,042
- Transportation and warehousing, average annual pay$49,020
- Manufacturing, employment3,446
- Manufacturing, average annual pay$58,174
- Retail trade, employment2,078
- Retail trade, average annual pay$41,430
- Construction, employment1,286
- Construction, average annual pay$69,522
- Accommodation and food services, employment1,220
- Professional, scientific and technical services, employment862
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Transportation and warehousing | 8,042 | 51 | $49,020 |
| Manufacturing | 3,446 | 57 | $58,174 |
| Retail trade | 2,078 | 109 | $41,430 |
| Construction | 1,286 | 152 | $69,522 |
| Accommodation and food services | 1,220 | 79 | $22,660 |
| Professional, scientific and technical services | 862 | 104 | $81,176 |
| Wholesale trade | 572 | 58 | $95,044 |
| Other services, except public administration | 416 | 52 | $51,551 |
Transportation and warehousing is the largest private sector at 8,042 jobs, 34.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Madison County
How many businesses are in Madison County?
- Establishments, all industries723
- Employment at those establishments18,238
- Annual payroll$998.4 m
- Establishments per 1,000 residents16.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Madison County
Building permits in Madison County
- Housing units authorized by permit, 2024519
- Declared construction value permitted$174.4 m
- Single family units authorized397
- Multifamily units authorized122
- Multifamily share of units23.5 percent
- Average declared value per unit$336,045
- Units authorized per 1,000 households33.1
Single-family homes are 76.5 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Madison County
SBA loans in Madison County (7(a) and 504)
- 7(a) approvals recorded141
- 7(a) gross approval dollars$40.2 m
- Average 7(a) approval$285,002
- Median 7(a) approval$86,000
- 10th percentile approval$22,400
- 90th percentile approval$625,100
- Largest single approval$2,617,000
- Jobs reported supported, 7(a)864
- Jobs per approval6.1
- Distinct 7(a) lenders active21
- Distinct industries receiving approvals70
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.5 percent
- Loans on real estate terms12
- Loans on working capital terms, 120 months or shorter117
- Franchise loans14
- Franchise share of approvals9.9 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (10)
- Most active lenderThe Huntington National Bank (109)
- 504 approvals recorded17
- 504 gross approval dollars$11.3 m
- Average 504 approval$665,000
- Median 504 approval$207,000
- Distinct CDCs active3
- 504 jobs per approval6.7
- 504 jobs per million dollars approved10.1
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$51.5 m
The average approval of $285,002 sits well above the median of $86,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 8.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA loan default and charge-off rates in Madison County
Do SBA loans in Madison County get paid back?
- Loans with a final outcome recorded29
- Paid in full29
- Charged off0
- Status: Paid in full29
- Status: Exempt from disclosure90
- Status: Cancelled18
- Status: Committed, not yet disbursed4
Only 29 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA lending by place in Madison County
- Borrower cities with recorded lending6
- Plain City, approvals57
- London, approvals55
- West Jefferson, approvals13
- Mount Sterling, approvals12
- Orient, approvals3
- Westerville, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Plain City | 57 | $22,675,400 |
| London | 55 | $10,378,900 |
| West Jefferson | 13 | $3,378,500 |
| Mount Sterling | 12 | $3,327,200 |
| Orient | 3 | $381,500 |
| Westerville | 1 | $43,800 |
Plain City accounts for 57 approvals against 55 in London. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
How large is Madison County?
- Land area466 sq mi
- Rank by land area among Ohio counties35th of 88
- Width, east to west23.7 mi
- Height, north to south28.7 mi
- Geographies sharing a boundary7
- Residents per square mile of land95
- Establishments per square mile1.55
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Madison County
Flood risk in Madison County
- Participation of the county's own NFIP community Madison County, unincorporated areasParticipating, community 390773
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Communities carrying a CRS class0
- Radon levels in Madison County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Madison County (community 390773), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Madison County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 80.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Madison County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Madison County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202444,423
- Households15,686
- Average household size2.83
- Median household income$87,045
- Median age41.5
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Ohio?
The Census Bureau estimates 45,531 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 44,423, in 15,686 households, ranking 53rd of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County's population growing?
The population has grown 3.84 percent since the 2020 census base of 43,848, to 45,531 on July 1, 2024. In 2024 there were 451 births against 449 deaths, with net migration of 863. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$87,045. The median owner-occupied home is valued at $250,100, which is 2.9 times income, and median gross rent is $943 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Madison County?
723 establishments, employing 18,238 people with an annual payroll of $998.4 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Madison County?
Transportation and warehousing is the largest private sector at 8,042 jobs, 34.1 percent of covered employment. Covered employment averages 23,600 jobs at an average annual pay of $54,168, or $1,042 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Madison County?
141 7(a) approvals totaling $40.2 m since FY2020, across 21 lenders, with a median approval of $86,000, plus 17 504 approvals worth $11.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Madison County?
519 housing units were authorized by permit in 2024, with a declared construction value of $174.4 m. Multifamily was 23.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Madison County come from?
The largest single origin is Franklin County, with 708 households. Arriving households report an average income of $62,140 against $53,513 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Madison County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Madison County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Madison County
Cities and places in Madison.
9 Census places lie wholly or partly in Madison County. All 9 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| London | city | 10,484 | 55 | Wholly in this county |
| West Jefferson | village | 4,392 | 13 | Wholly in this county |
| Plain City | village | 3,829 | 57 | 66.6 percent here, 33.4 percent Union County |
| Choctaw Lake | CDP | 1,985 | None recorded | Wholly in this county |
| Mount Sterling | village | 1,737 | 12 | Wholly in this county |
| Plumwood | CDP | 346 | None recorded | Wholly in this county |
| South Solon | village | 344 | None recorded | Wholly in this county |
| Midway | village | 233 | None recorded | Wholly in this county |
| Lafayette | CDP | 164 | None recorded | Wholly in this county |
A further 4 of the county's 141 SBA 7(a) approvals are to borrowers in cities that match no Census place in Madison County, the largest being Orient (3), Westerville (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby