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Housing Profile
Madison County, Florida
  • Population, 2015: 19199. Madison County ranks # 56 of Florida's 67 counties in population.
  • Households, 2015: 7082
  • Homeownership Rate, 2015: 74.5%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Madison County is projected to have a population of 19597, ranking it # 57 of Florida's 67 counties.

Projected Total Population, Madison County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Madison County 19224 19199 19298 19397 19501 19502 19597
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $70274. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $35848.
  • Condominium, average just value, 2016: $0.

Home Sales Prices

  • The average sales price for a single family home was $120017 in 2016. The median sales price that year was $111250, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Madison County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Madison County Single Family Homes 45000 48000 53000 51450 49500 59250 55000 58000 77000 80000 100000 111750 83700 90000 91500 75000 78750 77500 68400 79000 111250
Madison County Condominiums NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Madison County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Madison County 683 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Madison County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $516 for a studio apartment, $548 for a one-bedroom, $634 for a two-bedroom, $787 for a three-bedroom, and $869 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Madison County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Madison County 84 65 205 399 329 101 4 301 1488
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 4 licensed manufactured housing parks in Madison with 60 lots in 2012.
  • There are licensed condominium developments in with units in 2012. Of these, properties with units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Madison County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Madison County Madison One to four-family (other than manufactured housing) 78 65 54 34 27 26 31 39 51 65
Madison County Madison Manufactured housing 25 17 32 27 25 20 15 30 16 46
Madison County Madison Multifamily 0 1 0 0 0 0 0 0 0 0
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

This table is not available outside of Metropolitan Statistical Areas (MSAs)

Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 2223 Madison County households (31%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 1296 households in Madison County (18%) pay more than 50% of income for housing.

Households by Cost Burden, Madison County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 4859 927 1296
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Madison County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 3921 563 794
Renter 938 364 502
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Madison County and the surrounding metro area, the HUD-estimated median income for a family of four is $41600 in 2016.

Households by Income and Cost Burden, Madison County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 205 48 660
30.01-50% AMI 287 234 236
50.01-80% AMI 636 369 219
80.01+% AMI 3731 276 181
Total 4859 927 1296
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 2255 households in Madison County (31.8%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 1981 of elderly households in Madison (87.8%) own their homes.
  • 729 elderly households (32%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Madison County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 1526 290 439
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Madison County was 1665 square feet.

Year Structure Built, Madison County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Madison County 1346 1362 1428 1440 1111 687 445 627 8446 15.9 16.1 16.9 17.0 13.2 20.8
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Madison County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Madison County 264 4.0 42 0.6 498 5.9 401 4.7
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File