Median real estate price in the Town Center of Madison is $570,652, which is more expensive than 92.2% of the neighborhoods in Connecticut and 91.7% of the neighborhoods in the U.S.
The average rental price in Madison Town Center is currently $1,474, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.4% of the neighborhoods in Connecticut.
Madison Town Center is a suburban neighborhood (based on population density) located in Madison, Connecticut. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Real estate in the Town Center of Madison, CT is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Madison Town Center. The current real estate vacancy rate here is 28.6%. This is higher than the rate of vacancies in 93.4% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (28.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.