HomeSouth DakotaLake CountyMadison
Madison, South Dakota: commercial real estate data.
Madison is a Census city of 6,094 people across 4.62 square miles of land, in Lake County. Median household income is $65,593, 60.2 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $563,500 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison
What Madison is
- Census place typecity
- Land area4.62 sq mi
- Water area0 sq mi
- Population per square mile of land1,320
- 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
- Population6,094
- Median age40.1
- Population under 181,164
- Share under 1819.1 percent
- Population 65 and over1,384
- Share 65 and over22.7 percent
- Households2,573
- Family households1,395
- Share of households that are families54.2 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$65,593
- Per capita income$36,282
- Civilian labor force3,207
- Employed3,065
- Unemployed142 plus or minus 73
- Unemployment rate4.4 percent plus or minus 2.2
- Adults 25 and over4,006
- Adults 25 and over with a high school diploma or higher92.8 percent
- Adults 25 and over with a bachelor degree or higher34.3 percent
- Adults 25 and over with a graduate degree9.9 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Housing in Madison
- Housing units2,870
- Occupied units2,573
- Vacant units297 plus or minus 134
- Vacancy rate10.3 percent plus or minus 4.6
- Owner occupied1,549
- Renter occupied1,024
- Ownership rate60.2 percent
- Median owner-occupied home value$193,100
- Median gross rent, monthly$981
- Annual rent as a share of median income17.9 percent
- Single family units1,904
- Share single family66.3 percent
- Units in buildings of two or more774 plus or minus 177
- Share in buildings of two or more27.0 percent plus or minus 6.0
- Mobile homes192 plus or minus 111
- Median year structure built1970
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 commute2,804
- Commuting under 15 minutes2,157
- Share commuting under 15 minutes76.9 percent
- Commuting 30 minutes or more315 plus or minus 151
- Share commuting 30 minutes or more11.2 percent plus or minus 5.3
- Drove alone77.4 percent
- Carpooled6.5 percent plus or minus 3.8
- Public transport1.6 percent plus or minus 1.6
- Walked4.9 percent plus or minus 1.9
- Worked from home8.2 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals3
- Gross approval$563,500
- Average approval$187,833
- Median approval$250,000
- Largest approval$303,500
- Jobs supported33
- Jobs per approval11.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison
SBA loans in Madison (504)
- Approvals11
- Gross approval$8,544,000
- Average approval$776,727
- Median approval$621,000
- Largest approval$2,133,000
- Jobs supported104
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2010 to FY2026. Only 3 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 communityCity of Madison
- NFIP community number460044
- Participating in the NFIPYes
- Community Rating System classClass 8
- Currently effective map date11/21/24
The City of Madison participates in the National Flood Insurance Program as community 460044 and carries Community Rating System class 8, a flood insurance premium discount for policies written there.
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 County339
- Covered employment, Lake County5,221
- Average annual pay, Lake County$56,802
- Housing units permitted, Lake County30
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, South Dakota?
6,094, in 2,573 households. Madison city covers 4.62 square miles of land, which is 1,320 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?
$65,593. The median owner-occupied home is valued at $193,100. Median gross rent is $981 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?
3 7(a) approvals totaling $563,500 since FY2020, across 3 lenders, median approval $250,000, plus 11 504 approvals worth $8.5 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 1 loan has 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, city of, community 460044, carrying Community Rating System class 8, which is a premium discount for exceeding the program minimum. 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.
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