Madison, Connecticut.
Typical home $721,076 (+4.0% in a year), asking rent $3,574 . New Haven-Milford, CT metro.
to buy the typical home at today's mortgage rate — +$2,348 (+163%) since Jan 2020.
- 1 year
- Up $27,891 +4%
- $693,186$721,076 since Sep 2025
- 5 years
- Up $229,334 +47%
- $491,742$721,076 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madison$3,785
- Connecticut$2,348
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Madison, CT rose 4.0% over the past year — faster than the nation's +1.2%.
Living in Madison, Connecticut
Madison is a town in . Half its households earn more than $167,442 a year and half less; 4% of its people live below the poverty line. 90% of its homes are lived in by their owners and 10% are rented. The most residents work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madison is a town on the Connecticut shoreline, where most homes are lived in by their owners and prices sit well above the national typical. Winters are colder than in many parts of the country, summers are warm, and rain and melted snow fall across the year in good measure. Few residents live below the poverty line, and incomes are higher than in most of the country.
Work. Many residents work in schools, hospitals and social care, or in professional and business services, with manufacturing and jobs in banks, insurance and property also common. Most adults hold a degree, and the typical commute is not a long one. A considerable number of people work from home.
Things to do. Hammonasset Beach State Park, a coastal state park, is a short drive away and suits a day by the water. Chatfield Hollow State Park, a protected area in or beside town, offers quieter walks among the trees. The Yale University Art Gallery, a museum a longer drive away, is one of the best known collections in the region.
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- 7,006households
- 51.9median age
- 72%of adults have a degree
- 4%below the poverty line
- 30 mintypical commute
- 30%work from home
What residents work in
Employed residents by industry, from the Census survey.
Weather through the year
Coldest in January, with highs near 38° and lows near 23°; warmest in July, with highs near 82° and lows near 66°. About 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Haven Tweed Airport weather station, 15 miles away (NOAA).
Natural hazards
- Ice stormsVery high
- HurricanesRelatively high
- Inland floodingRelatively high
- Coastal floodingRelatively high
- LightningRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across its planning region, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on and the New Haven-Milford, CT metro.
Madison home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madison$721,076
- Connecticut$447,319
- United States$366,157
Sellers are cutting prices on about 1 in 4 Madison listings, and the typical home goes pending in 10 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Madison23.61%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Madison10
- United States24
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison59
New listings per month
Sellers arriving at the market.
- Madison24
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Madison$698,011
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Madison102.62%
Zip codes with a Madison address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madison — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.