Most Expensive Madison Neighborhoods
Madison is a medium-sized borough located in the state of New Jersey. With a population of 16,122 people and four constituent neighborhoods, Madison is the 124th largest community in New Jersey.
Madison home prices are not only among the most expensive in New Jersey, but Madison real estate also consistently ranks among the most expensive in America.
Madison is a decidedly white-collar borough, with fully 95.18% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (16.74%), office and administrative support (12.43%) and teaching (11.56%).
Also of interest is that Madison has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Madison is also a borough of artists. Madison has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Madison’s character.
In addition, Madison is a college town. There are a lot of students in Madison attending college, and as a result Madison provides a number of services, amenities and opportunities geared to the needs and activities of students.
Madison, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the borough.
Because of many things, Madison is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Madison really has some of the features that families look for when choosing a good community to raise children. Is Madison perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
In Madison, a lot of people use the train to get to work every day though Madison is a relatively small borough. Those that ride the train are primarily traveling out of town to good jobs in other cities.
Do you like to read, write and learn? If you move to Madison, you'll likely find that many of your neighbors like to as well. Madison is one of the more educated communities in America, with a full 65.29% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Madison in 2010 was $58,439, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $233,756 for a family of four.
The people who call Madison home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Madison residents report their race to be White, followed by Asian. Important ancestries of people in Madison include Italian, Irish, German, English, Polish and Scottish.
The most common language spoken in Madison is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||5,532|
|MADISON HOME OWNERSHIP|
|% OWNER OCCUPIED||62.94%|
|% RENTER OCCUPIED||37.06%|
|TYPE OF MADISON HOMES|
|SINGLE FAMILY DETACHED||62.22%|
|ROWHOUSES AND ATTACHED HOMES||7.18%|
|SMALL APARTMENT BUILDINGS||15.43%|
|COMPLEXES OR HIGH RISE APARTMENTS||15.12%|
|SIZE OF MADISON HOMES|
|5 OR MORE BEDROOMS||11.01%|
|AGE OF MADISON HOMES|
|NEWER HOMES (2000 OR LATER)||4.95%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||19.99%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||47.87%|
|HISTORIC (1939 OR BEFORE)||27.20%|
|MADISON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$661,270|
|MEDIAN RENTAL PRICE||$1,995|
|HOME VALUE RANGE|
|$0 - $52,000||2.57%|
|$52,001 - $104,000||0.00%|
|$104,001 - $207,000||1.27%|
|$207,001 - $311,000||1.43%|
|$311,001 - $414,000||5.76%|
|$414,001 - $518,000||13.43%|
|$518,001 - $777,000||43.84%|
|$777,001 - $1,036,000||14.39%|
|PEOPLE OF MADISON||DETAILS|
|UNDER 5 YEARS||5.38%|
|5 TO 17||18.34%|
|18 TO 24||12.73%|
|25 TO 34||9.24%|
|35 TO 54||27.23%|
|55 TO 64||12.11%|
|65 YEARS AND OVER||14.97%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||94.78%|
|MEDIAN HOUSEHOLD INCOME||$109,737|
|PER CAPITA INCOME||$58,439|
|INDIVIDUALS BELOW POVERTY LEVEL||3.73%|
|INDUSTRIES PEOPLE WORK IN||Education (16.94%)
Professional, scientific, and technical services (13.85%)
Information Technology (4.57%)
Real estate (2.47%)
Public Service (2.26%)
|BLACK OR AFRICAN AMERICAN||2.66%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.09%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.05%|
|TWO OR MORE RACES||2.55%|
|HISPANIC OR LATINO (OF ANY RACE)||6.36%|
|ETHNICITIES PRESENT||Italian (26.05%)
|LANGUAGES SPOKEN||English (82.89%)
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