Madison County, Florida: commercial real estate data.
Madison County, Florida has a population of 18,089 across 696 square miles, up 2.2 percent since the 2020 census base. County output reached $748.3 m in 2024, 328 establishments operate here, and the SBA record carries 7 7(a) approvals worth $8.6 m.
121 sourced county values · tier FULL · 12 sections
Madison County
How many people live in Madison County
- Population18,089
- Households6,976
- Average household size2.59
- Median household income$48,485
- Median age44.8
- Median gross rent$874 per month
- Median owner-occupied home value$116,200
- Home value to household income2.4 times
- Annual rent as a share of median income21.6 percent
- Adults 25 and over with a bachelor degree or higher13.9 percent
- Adults 25 and over with a graduate degree5.1 percent
- Adults 25 and over13,552
- Population under 183,196
- Share under 1817.7 percent
- Population 65 and over4,143
- Share 65 and over22.9 percent
- Working age population, 18 to 6410,750
- Civilian labor force6,387
- Unemployment rate5.8 percent
- Labor force participation, adults 18 and over42.9 percent
- Rank by population among Florida counties57th of 67
- Rank by population among US county-equivalents1985th
Madison County is the 57th largest of 67 Florida counties by population. A median home costs 2.4 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.9 percent against 17.7 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Madison County
Is Madison County growing
- Population change since the 2020 census base2.19 percent
- Census 2020 base population17,971
- Births, 2024165
- Deaths, 2024316
- Natural change, 2024-151
- Net domestic migration, 2024195
- Net international migration, 2024-3
- Total net migration, 2024192
- Cumulative net domestic migration, 2021 to 2024935
- Rank by growth among US county-equivalents1109th
The county has grown 2.19 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Madison County
Where people moving to Madison County come from
- Tax returns filed by households arriving486
- People arriving, from those returns935
- Adjusted gross income arriving$21.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$43,796
- Largest single originMadison County Non-migrants (5,934 households)
- Largest single destination (5,934 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Madison County Non-migrants | 5,934 | 11,895 | $301.7 m |
| Other flows - Same State | 239 | 462 | $12.0 m |
| Other flows - Different State | 118 | 233 | $5.2 m |
| Other flows - South | 94 | 183 | $4.2 m |
| Leon County | 48 | 74 | $1.0 m |
| Lowndes County | 38 | 85 | $1.3 m |
| Other flows - Northeast | 24 | 50 | $1.0 m |
| Suwannee County | 23 | 46 | $612,000 |
The largest single source of arrivals is Madison County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Madison County
What the Madison County economy runs on
- County GDP, 2024$748.3 m
- County GDP, 2023$661.0 m
- GDP change, 2023 to 202413.2 percent
- GDP change over five years60.7 percent
- Rank by GDP among Florida counties56th
- Rank by GDP among US county-equivalents2079th
- GDP per resident$41,368
Output grew 13.2 percent in the latest year and 60.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Madison County
Who employs people in Madison County
- Covered employment, annual average4,811
- Establishments reporting448
- Average annual pay$44,239
- Average weekly wage$851
- Sector 44-45, employment594
- Sector 44-45, average annual pay$32,162
- Sector 31-33, employment538
- Sector 31-33, average annual pay$54,795
- Sector 72, employment434
- Sector 72, average annual pay$20,630
- Sector 56, employment201
- Sector 56, average annual pay$42,267
- Sector 42, employment112
- Sector 52, employment88
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 594 | 75 | $32,162 |
| Sector 31-33 | 538 | 13 | $54,795 |
| Sector 72 | 434 | 39 | $20,630 |
| Sector 56 | 201 | 28 | $42,267 |
| Sector 42 | 112 | 14 | $60,545 |
| Sector 52 | 88 | 16 | $59,132 |
| Sector 48-49 | 76 | 15 | $58,272 |
| Sector 22 | 71 | 7 | $102,903 |
The largest sector is the biggest private employer group at 594 jobs, 12.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Madison County
What businesses operate in Madison County
- Establishments, all industries328
- Employment at those establishments3,264
- Annual payroll$130.1 m
- Establishments per 1,000 residents18.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Madison County
What is being built in Madison County
- Housing units authorised by permit, 202430
- Declared construction value permitted$7.4 m
- Single family units authorised28
- Multifamily units authorised2
- Multifamily share of units6.7 percent
- Average declared value per unit$246,056
- Units authorised per 1,000 households4.3
Multifamily is 6.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Madison County
How much SBA lending happens in Madison County
- 7(a) approvals recorded7
- 7(a) gross approval dollars$8.6 m
- Average 7(a) approval$1,231,543
- Median 7(a) approval$450,000
- 10th percentile approval$15,000
- 90th percentile approval$5,000,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)37
- Jobs per approval5.3
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter4
- Franchise loans1
- Franchise share of approvals14.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (1)
- Most active lenderLive Oak Banking Company (2)
- 504 approvals recorded5
- 504 gross approval dollars$2.3 m
- Average 504 approval$457,800
- Median 504 approval$192,000
- Distinct CDCs active2
- 504 jobs per approval7.2
- 504 jobs per million dollars approved15.7
- Most active CDCFlorida First Capital Finance Corporation, Inc. (3)
- 7(a) share of SBA approvals58.3 percent
- Combined SBA approval dollars$10.9 m
The average approval of $1,231,543 sits well above the median of $450,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 42.9 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison County
Do SBA loans in Madison County get paid back
- Loans with a final outcome recorded2
- Paid in full0
- Charged off2
- Status: Exempt from disclosure5
- Status: Charged off2
Too few loans have reached a final outcome to publish a charge off rate. only 2 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
Which parts of Madison County get the lending
- Places in the county with recorded lending2
- MADISON, approvals6
- LEE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MADISON | 6 | $6,504,000 |
| LEE | 1 | $2,116,800 |
MADISON accounts for 6 approvals against 1 in LEE. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
How big is Madison County
- Land area696 sq mi
- Rank by land area among Florida counties34th of 67
- Width, east to west38.7 mi
- Height, north to south27 mi
- Geographies sharing a boundary5
- Residents per square mile of land26
- Establishments per square mile0.47
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Madison County
What hazards affect Madison County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 8
- Communities carrying a CRS class1
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 8, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Madison County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Madison County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population18,089
- Households6,976
- Average household size2.59
- Median household income$48,485
- Median age44.8
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Florida?
18,089, in 6,976 households, ranking 57th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County growing?
The population has grown 2.19 percent since the 2020 census base. In 2024 there were 165 births against 316 deaths, with net migration of 192. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$48,485. The median owner-occupied home is valued at $116,200, which is 2.4 times income, and median gross rent is $874 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Madison County?
328 establishments, employing 3,264 people with an annual payroll of $130.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Madison County?
Average annual pay is $44,239, or $851 a week, across 4,811 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Madison County?
7 7(a) approvals totalling $8.6 m since FY2020, across 6 lenders, with a median approval of $450,000, plus 5 504 approvals worth $2.3 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Madison County?
30 housing units were authorised by permit in 2024, with a declared construction value of $7.4 m. Multifamily was 6.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Madison County come from?
The largest single origin is Madison County Non-migrants, with 5,934 households. Arriving households report an average income of $43,796 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Madison County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Madison County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.