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Madison

Learn about the people, housing, costs and businesses in Madison, Pennsylvania

Median Home$285,500
Median Rent$942/month
Population324
Leading IndustriesManufacturing · Transportation · Retail1% manufacturing
Home Value Growth⬆⬆+19.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners81% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Madison
PA

Frequently Asked Questions

What are today's mortgage rates in Madison?

As of today, the 30-year fixed mortgage rate for Madison is approximately 6.988% (7.027% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Madison?

The median home value in Madison is $286k. The median monthly rent is $942. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madison?

Home values in Madison have increased 19.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Madison?

Based on a typical all-in ownership cost of $948/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madison is $62k/year.

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What industries drive the economy in Madison?

The largest employment sectors in Madison are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.