The median home value in Madison, NJ is $834,400. 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 is $834,400. Approximately 61.4% of Madison homes are owned, compared to 34.39% rented, while 4.22% are vacant. Madison 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 real estate agent to arrange a tour today!
Madison, New Jersey 07940 has a population of 16,819. Madison 07940 is more family-centric than the surrounding county with 41.96% of the households containing married families with children. The county average for households married with children is 37.96%.
The median household income in Madison, New Jersey 07940 is $152,346. The median household income for the surrounding county is $123,727 compared to the national median of $69,021. The median age of people living in Madison 07940 is 39.8 years.
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.