HomeWest VirginiaBoone CountyMadison
Madison, West Virginia: commercial real estate data.
Madison is a Census city of 2,788 people across 7.64 square miles of land, in Boone County. Median household income is $58,872, 66.6 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $114,300 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison
What Madison is
- Census place typecity
- Land area7.64 sq mi
- Water area0.06 sq mi
- Population per square mile of land365
- County holding the largest share of its areaBoone 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
- Population2,788
- Median age42.7
- Population under 18516 plus or minus 139
- Share under 1818.5 percent plus or minus 5.0
- Population 65 and over746 plus or minus 202
- Share 65 and over26.8 percent plus or minus 7.2
- Households1,073
- Family households684
- Share of households that are families63.7 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$58,872
- Per capita income$34,164
- Civilian labor force1,405
- Employed1,355
- Unemployed50 plus or minus 42
- Unemployment rate3.6 percent plus or minus 2.9
- Adults 25 and over2,056
- Adults 25 and over with a high school diploma or higher92.5 percent
- Adults 25 and over with a bachelor degree or higher20.6 percent plus or minus 6.3
- Adults 25 and over with a graduate degree10.3 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
Housing in Madison
- Housing units1,366
- Occupied units1,073
- Vacant units293 plus or minus 77
- Vacancy rate21.4 percent plus or minus 5.1
- Owner occupied715 plus or minus 150
- Renter occupied358 plus or minus 131
- Ownership rate66.6 percent
- Median owner-occupied home value$147,900 plus or minus $67,106
- Median gross rent, monthly$944 plus or minus $256
- Annual rent as a share of median income19.2 percent plus or minus 5.8
- Single family units1,037
- Share single family75.9 percent
- Units in buildings of two or more242 plus or minus 109
- Share in buildings of two or more17.7 percent plus or minus 7.8
- Mobile homes87 plus or minus 46
- Median year structure built1963
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 commute1,300
- Commuting under 15 minutes760 plus or minus 216
- Share commuting under 15 minutes58.5 percent plus or minus 13.5
- Commuting 30 minutes or more225 plus or minus 92
- Share commuting 30 minutes or more17.3 percent plus or minus 6.5
- Drove alone71.8 percent
- Carpooled4.6 percent plus or minus 2.7
- Public transport0.0 percent
- Walked18.4 percent plus or minus 12.4
- Worked from home4.1 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Madison
SBA loans in Madison (7(a))
- Approvals1
- Gross approval$114,300
- Average approval$114,300
- Median approval$114,300
- Largest approval$114,300
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Madison, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison
Flood risk in Madison
- NFIP communityTown of Madison
- NFIP community number540008
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/16/13
The Town of Madison participates in the National Flood Insurance Program as community 540008 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.
Boone County, not Madison
Boone County context, not Madison figures
- Establishments in Boone County241
- Covered employment, Boone County4,753
- Average annual pay, Boone County$73,771
- Housing units permitted, Boone County7
Every figure in this section is published for Boone 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, West Virginia?
2,788, in 1,073 households. Madison city covers 7.64 square miles of land, which is 365 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?
Boone 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?
$58,872. The median owner-occupied home is valued at $147,900. Median gross rent is $944 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?
1 7(a) approvals totaling $114,300 since FY2020, across 1 lenders, median approval $114,300. 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 0 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, town of, community 540008, 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 Boone 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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