Madison, VA—22727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madison, VA
As of Oct '25, the median home price in Madison, VA is $406,000, with a year-over-year change of 0.5%. This indicates that home prices in Madison, VA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | 0.5% |
| Single Family | $406,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $298,000 | -0.3% |
3 Bed | $407,000 | 1.5% |
4 Bed | $547,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Madison, VA
As of July '25, Rentcast reports the average rent in Madison, VA is $1,720, with a year-over-year rent change of -15.3%. Per bedroom, the median rent as of July '25 in Madison, VA is 2-bedrooms: $1,300, 3-bedrooms: $1,940. The most common rental property sizes in Madison, VA are 3-bedroom and 2-bedroom, accounting for 48.3% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,600 | $1,940 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madison, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Madison, VA is 30. This is a decrease of -27.0% 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 | $483,000 | -12.0% |
Listing Count | 26 | 25.0% |
| Listings as % of Homes | 0.9% | 25.0% |
Days on Market | 30 | -27.0% |
Demographics — Madison, VA
As of the latest ACS Survey released in 2023, Madison, VA has a population of 5,780, which has increased by 3.4% over the past 5 years. Madison, VA is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,780 | 3.4% |
% Under 18 | 20.6% | -12.0% |
% Seniors | 25.5% | 31.4% |
% WFH | 9.4% | -2.1% |
% w/ College Degree | 28.3% | 24.7% |
As of the latest ACS Survey released in 2023, Madison, VA is a predominantly white area, with 83.3% of the population identifying as white. The white population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Madison, VA is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.4% of the population in Madison, VA, and this percentage has increased by 300.0% 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 | 83.3% | 4.5% |
% Black | 5.2% | -46.4% |
% Hispanic | 6.0% | 62.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.4% | 300.0% |
Mortgage and Risk — Madison, VA
According to HUD data as of 2023, there were 105 mortgage originations in Madison, VA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Madison, VA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 105 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Madison, VA
Madison, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$300 | $1,300 | $1,000 |
| 3 Bedroom | -$360 | $1,600 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Madison, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $406,000 |
| Median Household Income | $70,700 |