Madison, Maine.
Typical home $214,736 (+3.9% in a year).
to buy the typical home at today's mortgage rate — +$754 (+202%) since Jan 2020.
- 1 year
- Up $8,091 +4%
- $206,645$214,736 since Sep 2025
- 5 years
- Up $70,205 +49%
- $144,531$214,736 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$1,127
- Maine$2,162
- 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, ME rose 3.9% over the past year — faster than the nation's +1.2%.
Living in Madison, Somerset County, Maine
Madison, in Somerset County, had 2,533 people in the 2020 census. Unemployment in Somerset County was 4.1% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most people in Somerset 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 It can be wrong or out of date.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 Maine town on the Kennebec River, in Somerset County. Winters here are long and cold, with a great deal of snow, and summers are pleasantly warm. Incomes in the county run below the Maine and national norms, and fewer adults hold a four-year degree than in many parts of the country. Homes cost less than in much of the state, and most people drive to work, often a fair distance from home.
Work. Many residents work in schools, hospitals and social care, followed by shops, manufacturing and the building trades. Among the largest workplaces in Madison are the local school district, North Country Associates and Hannaford. Across Somerset County, jobs have slipped slightly from the year before, and unemployment has stayed close to where it stood a year ago.
Things to do. A short drive away, Lakewood Theater offers live performance, and the Norridgewock archaeological site marks a place of long Native American history. The Carrabassett River is also a short drive off, a handy spot for time by the water. Skiers can make a longer drive to Sugarloaf, one of the best known ski areas in the state.
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- 1,340households
- 19%of adults have a degree
- 13%below the poverty line
- 31 mintypical commute
What people in Somerset County work in
Employed residents by industry, from the Census survey. Somerset County had 15,847 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 27° and lows near 6°; warmest in July, with highs near 79° and lows near 57°. About 74 inches of snow and 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Madison weather station, 2 miles away (NOAA).
Largest workplaces in Madison
- RSU 59/msad 59 SchoolsSchool district189FTE
- North Country AssociatesSkilled nursing facilities65
- HannafordGrocery stores58
- Bob's Cash FuelFuel oil dealers, direct selling52
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 175 people in all. School districts come from the Common Core of Data (NCES, 2023–24); 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
- Winter weatherVery high
- LightningVery high
- Cold wavesVery high
- Ice stormsRelatively high
- DroughtRelatively moderate
- HurricanesRelatively 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 moderate. 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 Somerset 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$214,736
- Maine$412,002
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Madison listings — 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.
- Madison28.83%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison26
New listings per month
Sellers arriving at the market.
- Madison8
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.