Madison, CT 06443 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Madison, CT—06443

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$683,000

8.4% YoY Growth

Household Income

$168,000

60.7% YoY Growth

Days on Market

33.0% Shorter YoY

Home Price Forecast

3.5%

Median Rent

$3,500

4.1% YoY Growth

1-Bed Rent

$2,100

14.7% YoY Growth

2-Bed Rent

$2,900

N/A

3-Bed Rent

$4,000

44.5% YoY Growth

Home Price Trends — Madison, CT

As of Dec '25, the median home price in Madison, CT is $683,000, with a year-over-year change of 8.4%. This indicates that home prices in Madison, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$683,000	8.4%
Single Family	$718,000	8.3%
Condos	$527,000	9.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Madison, CT

As of July '25, Rentcast reports the average rent in Madison, CT is $4,250, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Madison, CT is 1-bedrooms: $2,180, 2-bedrooms: $3,380, 3-bedrooms: $4,160, 4-bedrooms: $5,050. The most common rental property sizes in Madison, CT are 3-bedroom and 1-bedroom, accounting for 31.4% and 26.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,500	$4,250
Studio Rent	N/A	N/A
1 Bed Rent	$2,100	$2,180
2 Bed Rent	$2,900	$3,380
3 Bed Rent	$4,000	$4,160
4 Bed Rent	$5,000	$5,050

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% of Rental Stock

Studio

2.5%

1 Bedroom

26.8%

2 Bedrooms

20.0%

3 Bedrooms

31.4%

4 Bedrooms

17.9%

5+ Bedrooms

1.4%

Property Listings — Madison, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Madison, CT is 59. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$838,000	-29.0%
Listing Count	72	-20.0%
Listings as % of Homes	0.6%	-20.0%
Days on Market	77	-33.0%

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Demographics — Madison, CT

As of the latest ACS Survey released in 2023, Madison, CT has a population of 17,600, which has decreased by -3.3% over the past 5 years. Madison, CT is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 71.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,600	-3.3%
% Under 18	19.0%	-22.1%
% Seniors	24.5%	2.1%
% WFH	27.3%	165.0%
% w/ College Degree	71.8%	14.3%

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As of the latest ACS Survey released in 2023, Madison, CT is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Madison, CT is asian, making up 3.9% of the population. Foreign-born residents account for 8.6% of the population in Madison, CT, and this percentage has increased by 38.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.7%	-5.1%
% Black	0.9%	80.0%
% Hispanic	3.0%	57.9%
% Asian	3.9%	50.0%
% Foreign Born	8.6%	38.7%

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Mortgage and Risk — Madison, CT

According to HUD data as of 2023, there were 376 mortgage originations in Madison, CT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Madison, CT. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	376
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	1.0%
% Second Loans	6.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Madison, CT

As of 2024, the percent of homes in Madison, CT under the Section 8 program is 0.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Madison, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$110	$2,100	$1,990
2 Bedroom	-$470	$2,900	$2,430
3 Bedroom	-$980	$4,000	$3,020
4 Bedroom	-$1,590	$5,000	$3,410

Madison, CT—06443

Key Metrics at a Glance

Home Price Trends — Madison, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madison, CT

% of Rental Stock

Property Listings — Madison, CT

Demographics — Madison, CT

Race and Ethnicity

Mortgage and Risk — Madison, CT

Mortgages

Rentals and Section 8 — Madison, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Madison, CT

Home Price to Income Ratio

Madison, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Killingworth, CT

Guilford, CT

Clinton, CT

Durham, CT

Higganum, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$683,000
Median Household Income	$168,000

Madison, CT—06443

Key Metrics at a Glance

Home Price Trends — Madison, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madison, CT

% of Rental Stock

Property Listings — Madison, CT

Demographics — Madison, CT

Race and Ethnicity

Mortgage and Risk — Madison, CT

Mortgages

Rentals and Section 8 — Madison, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Madison, CT

Home Price to Income Ratio

Madison, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Killingworth, CT

Guilford, CT

Clinton, CT

Durham, CT

Higganum, CT

Frequently Asked Questions

What is the average home price in Madison, CT 06443?

How have home prices in Madison, CT 06443 changed over the past year?

What is the home price projection for Madison, CT 06443?

What are the demographics of Madison, CT 06443?

How long does it take homes to sell in Madison, CT 06443?

What is the average rent price in Madison, CT 06443?