Madison, North Carolina

Population

Growing. Up 3.0% since 2020.

2,190

people, the 251st-largest of North Carolina's cities and towns.

Census Population Estimates, 2025. Rank among North Carolina's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Nearly every job here goes to someone who lives somewhere else.

95.4%

of 1,994 jobs located in Madison are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is up 51% since the 2005–2009 survey, before inflation.

$830

a month. North Carolina's median is $1,228.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent doubles.

A $536 gap between neighbors, the sharpest rent edge between adjacent tracts in Rockingham County.

• $548 Tract 410.02
• $1,084 Tract 416.02

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$890–$1,335

is the monthly rent range local workforce wages support.

• $830 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 100 homes permitted in ten years, 2016–2025
• 60% of those were in multifamily buildings
• 94% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0.2–1.7% to the 1,161 homes here.

2–20

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 36% less than North Carolina's.

$184,900

median home value in Madison.

• $184,900 Madison
• $288,900 North Carolina
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year