Madison, Madison, NJ
Madison — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Madison, Madison, New Jersey. Explore the cited sources and local facts below while agent underwriting continues.
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Madison Neighborhood Overview
Madison, New Jersey, is a classic suburban borough in Morris County known for its charming downtown and strong community spirit. Centered around a historic train station, it offers a picturesque setting with tree-lined streets and well-maintained homes. The community is characterized by its high median household income and a balanced mix of homeowners and renters.
Lifestyle & Amenities
The heart of Madison is its walkable downtown, filled with independent shops, diverse restaurants, and cultural venues. Residents enjoy access to several parks, recreational facilities, and a highly regarded public library. The borough hosts numerous community events throughout the year, fostering a tight-knit, suburban atmosphere.
Real Estate Market
The Madison real estate market is robust, with a median home value significantly above national averages. The market caters primarily to homeowners, as evidenced by a 64% homeownership rate. Rental options are also available, with a median monthly rent that reflects the area's desirability and amenities.
Schools & Education
Madison is served by the Madison Public Schools district, which is consistently ranked among the top in New Jersey. The borough is also home to Drew University, a private liberal arts college that contributes to the local cultural and intellectual landscape. This strong educational foundation is a major draw for families.
Transportation & Connectivity
Madison offers excellent connectivity via the NJ Transit Morristown Line, providing direct rail service to New York City in about an hour. Major highways like I-287 are easily accessible for regional travel. The borough's layout promotes walkability and biking, especially in the downtown and surrounding neighborhoods.
Why Choose Madison
Madison is ideal for those seeking a quintessential, upscale suburban experience with the convenience of a vibrant downtown and direct city access. Its combination of top-rated schools, a strong sense of community, and beautiful housing stock makes it a perennial favorite. The borough successfully balances small-town charm with the amenities and opportunities of the New York metropolitan area.
Madison Market Data
| Metric | Value |
|---|---|
| Median Home Price | $846K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $164K |
| Homeownership Rate | 63.7% |
| Renter-Occupied | 36.3% |
| Rental Vacancy Rate | 1.6% |
| Market Type | Seller's |
| Market Tier | Elite |
| Primary ZIP Code | 07940 |
Top Real Estate Agents in Madison, Madison
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Madison, Madison, NJ. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: New Jersey Real Estate Commission (NJREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12