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Madison Center

Learn about the people, housing, costs and businesses in Madison Center, Connecticut

Median Home$768,181
Median Rent$2,104/month
Population2,256
Leading IndustriesArts, Food & Hospitality · Transportation · Healthcare19% arts, food & hospitality
Home Value Growth⬆⬆+18.7% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners79% of occupied units
NotableHigh Incomes$167k/year · top 2% nationally
NotableHighly Educated32% bachelor's · 22% graduate · top 6% nationally
Madison Center
CT

Explore Madison Center

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Madison Center?

As of today, the 30-year fixed mortgage rate for Madison Center is approximately 6.838% (6.872% 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 Center?

The median home value in Madison Center is $768k. The median monthly rent is $2,104. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madison Center?

Home values in Madison Center have increased 18.7% 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 Center?

Based on a typical all-in ownership cost of $2,979/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $128k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madison Center is $167k/year.

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What industries drive the economy in Madison Center?

The largest employment sectors in Madison Center are public administration (27%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.