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Madison Park

Learn about the people, housing, costs and businesses in Madison Park, New Jersey

Median Home$425,763
Median Rent$1,537/month
Population9,129
Leading IndustriesFinance & Insurance · Information & Media · Public Administration9% finance & insurance
Home Value Growth⬆⬆⬆+28.2% over 2 years
Family-Friendly29% of residentswell above average
Renters70% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableHigh Incomes$102k/year · top 16% nationally
Madison Park
NJ

Frequently Asked Questions

What are today's mortgage rates in Madison Park?

As of today, the 30-year fixed mortgage rate for Madison Park is approximately 6.865% (6.900% 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 Park?

The median home value in Madison Park is $426k. The median monthly rent is $1,537. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madison Park?

Home values in Madison Park have increased 28.2% 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 Park?

Based on a typical all-in ownership cost of $1,805/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madison Park is $102k/year.

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What industries drive the economy in Madison Park?

The largest employment sectors in Madison Park are public administration (31%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.