Madison, VA
Population 328 · Virginia
About Madison, VA
Madison is a small community in Virginia with a population of 328 residents. The median household income is $47,059 per year, which is below the national average. The median age in Madison is 40.3 years.
Housing in Madison has a median home value of $312,500 and median monthly rent of $986. Of the 183 total housing units, renting is more common than owning, with 58 owner-occupied and 94 renter-occupied units.
The unemployment rate in Madison is 6.5% and the poverty rate is 24.1%. 12.7% of residents hold a bachelor's degree or higher. The average commute time is 31.2 minutes.
Cost of Living in Madison, VA
Compared to national averages, Madison has a median household income of $47,059 (37% below the national median of $75,149). Home values average $312,500, which is 28% above the national median. Monthly rent at $986 is 15% below the US average of $1,163. Within Virginia, Madison's income is 46% below the state average of $87,957, and home values are 5% below the state median of $327,514.
Why Live in Madison, VA?
Madison offers rent that’s lower than the national average at $986/month.
Potential considerations include median household income ($47,059) that falls below the national average. However, Madison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison has a population of 328 with a median age of 40.3 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Virginia.
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Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Madison
What is the population of Madison, VA?
The population of Madison, VA is 328 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, VA is $47,059 per year.
What is the median home value in Madison?
The median home value in Madison, VA is $312,500.
What is the average rent in Madison?
The median monthly rent in Madison, VA is $986.
What is the unemployment rate in Madison?
The unemployment rate in Madison, VA is 6.5%.