Madison, NJ—07940
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,080,000
7.3% YoY Growth
Household Income
$169,000
26.4% YoY Growth
Days on Market
17
9.0% Longer YoY
Home Price Forecast
2.8%
Median Rent
$2,940
5.5% YoY Growth
1-Bed Rent
$2,100
2.2% YoY Growth
2-Bed Rent
$2,940
7.4% YoY Growth
3-Bed Rent
$4,700
8.2% YoY Growth
Home Price Trends — Madison, NJ
As of May '26, the median home price in Madison, NJ is $1,080,000, with a year-over-year change of 7.3%. This indicates that home prices in Madison, NJ are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,080,000 | 7.3% |
| Single Family | $1,117,000 | 7.9% |
| Condos | $756,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |