Madison, Florida.
Typical home $186,675 (-4.5% in a year).
to buy the typical home at today's mortgage rate — +$538 (+122%) since Jan 2020.
- 1 year
- Down $8,852 -5%
- $195,528$186,675 since Sep 2025
- 5 years
- Up $25,013 +15%
- $161,663$186,675 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$980
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Madison, FL fell 4.5% over the past year — slower than the nation's +1.2%.
Living in Madison, Madison County, Florida
Madison is a city of 2,912 people in Madison County. Unemployment in Madison County was 5.2% in August 2026, and the county had 3.1% more jobs in 2025 than the year before. The most people in Madison County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 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 It can be wrong or out of date.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 small city in north Florida and the seat of Madison County. It is a young place, with a median age well below what many older homeowners might expect, and few adults hold a four-year degree. Homes here are valued below the typical American home, and household incomes across Madison County run below those in much of the country.
Work. Most residents work in schools, hospitals and social care, in shops, in restaurants and hotels, or in government. Among the largest workplaces in town are Madison Schools, North Florida College and Madison Memorial Hospital. Jobs across the county grew a little last year, though unemployment has stayed about where it was a year ago, and very few people work from home.
Things to do. In or beside town, the W. T. Davis Building is a museum worth an hour. Rachel Lake is a short drive away for time by the water. A longer drive brings you to Madison Blue Springs State Park, a protected area, and to Suwannee River State Park. Winters are mild, with little or no snow, summers are hot, and rain falls fairly often through the year.
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- 1,231households
- 14%of adults have a degree
- 1%work from home
What people in Madison County work in
Employed residents by industry, from the Census survey. Madison County had 4,960 jobs in 2025, 3.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 63° and lows near 40°; warmest in July, with highs near 91° and lows near 72°. About 53 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Madison weather station, under a mile away (NOAA).
Largest workplaces in Madison
- Madison SchoolsSchool district345FTE
- North Florida CollegeUniversity or college157
- Madison Memorial HospitalCritical access hospital99FTE
- MadisonMail and parcel delivery20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 169 people in all. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesVery high
- LightningVery high
- Cold wavesRelatively high
- Strong windRelatively high
- TornadoesRelatively high
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madison’s census tracts, 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 Madison County.
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$186,675
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 5 Madison listings — the market is heating up.
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.
- Madison20.96%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison43
New listings per month
Sellers arriving at the market.
- Madison5
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.