Madison, New Hampshire.
Typical home $458,870 (+4.9% in a year).
to buy the typical home at today's mortgage rate — +$1,480 (+159%) since Jan 2020.
- 1 year
- Up $21,226 +5%
- $437,644$458,870 since Sep 2025
- 5 years
- Up $88,224 +24%
- $370,646$458,870 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$2,408
- New Hampshire$2,682
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Madison, NH rose 4.9% over the past year — faster than the nation's +1.2%.
Living in Madison, Carroll County, New Hampshire
Madison is a town of 2,565 people in Carroll County. Half its households earn more than $102,697 a year and half less, against $86,463 across Carroll County; 5% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Carroll County was 2.3% in August 2026, and the county had 2.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 24 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 It can be wrong or out of date.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 town in Carroll County, and nearly everyone who lives there owns their home. Household incomes run higher than across the county, and fewer people live below the poverty line than you might expect for a rural New Hampshire town. Winters are cold and snowy, with January the coldest month, while July brings pleasantly warm days, and a good amount of rain and melted snow falls through the year.
Work. Residents work mostly in schools, hospitals and social care, in restaurants, hotels and entertainment, and in professional and business services, with banking, insurance and property close behind. Across Carroll County, the largest workplaces include the Governor Wentworth Regional School District, Huggins Hospital and Memorial Hospital. Commutes are of middling length, and a small share of people work from home.
Things to do. The Deer River runs in or beside town, and Ossipee Lake, Silver Lake and Broad Bay are all a short drive away for time on the water. King Pine, a ski area, is also a short drive off, which suits the snowy winters. For a longer outing, Lake Winnipesaukee and the White Mountain National Forest are a longer drive away.
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- 1,003households
- 38%of adults have a degree
- 5%below the poverty line
- 22 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Carroll County had 20,096 jobs in 2025, 2.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 29° and lows near 8°; warmest in July, with highs near 78° and lows near 55°. About 83 inches of snow and 52 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Tamworth weather station, 6 miles away (NOAA).
Largest workplaces in Carroll County
- Governor Wentworth Regional School DistrictSchool district490FTE
- Huggins HospitalCritical access hospital427FTE
- Memorial HospitalCritical access hospital337FTE
- Demoulas Super Markets286
- WalmartWarehouse clubs and supercenters260
- Conway School DistrictSchool district258FTE
- New Hampshire GroupCasinos159
- CM ResortFour season ski resorts without accommodations157
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 33 workplaces with 20 or more staff, 3,811 people in all across the county; Madison has none of its own. School districts come from the Common Core of Data (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
- Winter weatherRelatively high
- Ice stormsRelatively high
- HurricanesRelatively moderate
- Inland floodingRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Carroll County, against the rest of the country; all of them together, relatively low. 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 Carroll 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$458,870
- New Hampshire$510,937
- United States$366,157
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.
- Madison31.42%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison28
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.
Zip codes in Madison
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 03849 | Madison | 1,465 | — | $452,683 |
| 03875 | Silver Lake | 1,005 | — | $496,030 |