Madison, NJ 07940 Commercial Properties For Sale
The median home value in Madison, NJ 07940 is $842,600. This is higher than the county median home value of $546,600. The national median home value is $338,100. The average price of homes sold in Madison, NJ 07940 is $842,600. Approximately 61.45% of Madison, NJ 07940 homes are owned, compared to 34.34% rented, while 4.21% are vacant. Madison, NJ 07940 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Madison, NJ 07940 real estate agent to arrange a tour today!
Learn More About Madison, NJ 07940 Real EstateStatistics & facts
17,242
Population
$842K
Medium Home Value
5,710
# of Households
4.21%
Housing Vacancy
47.23%
Future Job Growth
2.50%
Unemployment Rate
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Population
Madison, NJ 07940 has a population of approximately 17,242 and experiences a population change rate of 4.05%. The population density is 3,708 / sq mi.
Household
The median household income for Madison, NJ 07940 is $152,469, with 5,710 households and an average household size of 2.7.
Cost of Living
The cost of living index in Madison, NJ 07940 is 199.5%.
Home Value
The median value of a home in Madison, NJ 07940 is $842,600 with an appreciation rate of 12.1%. 61.4% of housing in the zip code is owned while 34.3% is rented.
Employment
The unemployment rate in Madison, NJ 07940 is 2.50%, and recent job growth is at 2.76%. Future job growth is projected at 47.23%.
Taxes
The sales tax rate in Madison, NJ 07940 is 6.63%, while the income tax rate is 5.53%.
Education
School expenditures in Madison, NJ 07940 are $25,345, and the school ratio is 10.9:1.
Weather
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 50.4 inches per year, with 25.1 inches of snow per year.
Education near Madison NJ, 07940
| Metric | City | County |
|---|---|---|
| High School Graduates | 97.17 | 94.55 |
| College Degree - 2 year | 4.55 | 6.14 |
| College Degree - 4 year | 69.79 | 55.75 |
| Graduate Degree | 21.3 | 17.26 |
| Expenditures per Student | $25,345 | $25,345 |
| Students per Teacher | 10.90 | 10.90 |
Elementary Schools near Madison NJ , 07940
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Brayton Elementary School | 01 - 05 | 372 | 10.6 | 07901 |
| Briarwood School | PK - 02 | 352 | 14 | 07932 |
| Central Avenue School | PK - 05 | 481 | 12 | 07940 |
| Franklin Elementary School | 01 - 05 | 358 | 13 | 07901 |
| Harding Township School | PK - 08 | 306 | 9.1 | 07976 |
| Kings Road School | KG - 05 | 286 | 11.4 | 07940 |
| Milton Avenue School | PK - 03 | 363 | 14.2 | 07928 |
| Southern Boulevard School | KG - 03 | 455 | 13.2 | 07928 |
| Torey J. Sabatini School | KG - 05 | 343 | 13.2 | 07940 |
| Washington Avenue School | PK - 03 | 432 | 14.9 | 07928 |
| Washington Elementary School | 01 - 05 | 339 | 12.1 | 07901 |
Middle Schools near Madison NJ , 07940
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Chatham Middle School | 06 - 08 | 991 | 12.1 | 07928 |
| Lafayette Avenus School | 04 - 05 | 680 | 13.5 | 07928 |
| Lawton C. Johnson Summit Middle School | 06 - 08 | 980 | 12 | 07901 |
| Madison Junior School | 06 - 08 | 588 | 11.9 | 07940 |
| Ridgedale Middle School | 06 - 08 | 333 | 9.7 | 07932 |
High Schools near Madison NJ , 07940
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Chatham High School | 09 - 12 | 1190 | 12.4 | 07928 |
| Madison High School | 09 - 12 | 837 | 12.7 | 07940 |
| Summit High School | 09 - 12 | 1231 | 11.8 | 07901 |
