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Housing Profile
Madison County, Florida
  • Population, 2016: 19238. Madison County ranks # 56 of Florida's 67 counties in population.
  • Households, 2016: 7121
  • Homeownership Rate, 2016: 74.8%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Madison County is projected to have a population of 19804, ranking it # 57 of Florida's 67 counties.

Projected Total Population, Madison County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Madison County 19224 19238 19405 19501 19602 19699 19804
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, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Madison County, Florida 599 1002
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, 2011-2015 American Community Survey 5-Year Summary File
  • In Madison County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $414 for a studio apartment, $565 for a one-bedroom, $652 for a two-bedroom, $819 for a three-bedroom, and $919 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, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Madison County 90 80 236 370 233 78 24 0 0 0 0 317 1428
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, 2011-2015 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, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Madison County Madison One to four-family (other than manufactured housing) 78 65 54 34 27 26 31 39 51 65 87
Madison County Madison Manufactured housing 25 17 32 27 25 20 15 30 16 46 41
Madison County Madison Multifamily 0 1 0 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 2005-2015

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 2016, 2235 Madison County households (31%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 1304 households in Madison County (18%) pay more than 50% of income for housing.

Households by Cost Burden, Madison County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 4886 931 1304
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, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 3955 568 801
Renter 931 363 503
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 $43200 in 2017.

Households by Income and Cost Burden, Madison County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 204 49 662
30.01-50% AMI 290 235 241
50.01-80% AMI 646 373 219
80.01+% AMI 3746 274 182
Total 4886 931 1304
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 2335 households in Madison County (32.8%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 2051 of elderly households in Madison (87.8%) own their homes.
  • 755 elderly households (32%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Madison County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 1580 299 456
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, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Madison County 161 1277 1432 1291 1605 950 695 438 599 8448 1.9 15.1 17.0 15.3 19.0 11.2 20.5
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, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Madison County, 2011-2015 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 254 3.8 60 0.9 430 5.1 385 4.6
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, 2011-2015 American Community Survey 5-Year Summary File