Madison County, Ohio: commercial real estate data.
Madison County, Ohio has a population of 44,423 across 466 square miles, up 3.8 percent since the 2020 census base. County output reached $2.97 bn in 2024, 723 establishments operate here, and the SBA record carries 141 7(a) approvals worth $40.2 m.
127 sourced county values · tier FULL · 12 sections
Madison County
How many people live in Madison County
- Population44,423
- Households15,686
- Average household size2.83
- Median household income$87,045
- Median age41.5
- Median gross rent$943 per month
- Median owner-occupied home value$250,100
- Home value to household income2.9 times
- Annual rent as a share of median income13.0 percent
- Adults 25 and over with a bachelor degree or higher24.2 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over32,247
- Population under 188,860
- Share under 1819.9 percent
- Population 65 and over7,324
- Share 65 and over16.5 percent
- Working age population, 18 to 6428,239
- Civilian labor force21,657
- Unemployment rate3.5 percent
- Labor force participation, adults 18 and over60.9 percent
- Rank by population among Ohio counties53rd of 88
- Rank by population among US county-equivalents1109th
Madison County is the 53rd largest of 88 Ohio counties by population. A median home costs 2.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 19.9 percent against 16.5 percent, a household formation profile rather than a retirement one.
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 base3.84 percent
- Census 2020 base population43,848
- Births, 2024451
- Deaths, 2024449
- Natural change, 20242
- Net domestic migration, 2024806
- Net international migration, 202457
- Total net migration, 2024863
- Cumulative net domestic migration, 2021 to 20241,543
- Rank by growth among US county-equivalents717th
The county has grown 3.84 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
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 arriving1,433
- People arriving, from those returns2,609
- Adjusted gross income arriving$89.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,140
- Largest single originMadison County Non-migrants (15,267 households)
- Largest single destination (15,267 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Madison County Non-migrants | 15,267 | 31,040 | $1.21 bn |
| Franklin County | 708 | 1,339 | $51.7 m |
| Other flows - Same State | 216 | 337 | $8.5 m |
| Other flows - Different State | 185 | 321 | $8.4 m |
| Other flows - South | 95 | 158 | $3.8 m |
| Clark County | 78 | 145 | $4.0 m |
| Union County | 66 | 134 | $4.6 m |
| Pickaway County | 52 | 91 | $2.6 m |
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$2.97 bn
- County GDP, 2023$2.82 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years48.1 percent
- Rank by GDP among Ohio counties51st
- Rank by GDP among US county-equivalents987th
- GDP per resident$66,940
Output grew 5.6 percent in the latest year and 48.1 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 average23,600
- Establishments reporting1,050
- Average annual pay$54,168
- Average weekly wage$1,042
- Sector 48-49, employment8,042
- Sector 48-49, average annual pay$49,020
- Sector 31-33, employment3,446
- Sector 31-33, average annual pay$58,174
- Sector 44-45, employment2,078
- Sector 44-45, average annual pay$41,430
- Sector 23, employment1,286
- Sector 23, average annual pay$69,522
- Sector 72, employment1,220
- Sector 54, employment862
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 48-49 | 8,042 | 51 | $49,020 |
| Sector 31-33 | 3,446 | 57 | $58,174 |
| Sector 44-45 | 2,078 | 109 | $41,430 |
| Sector 23 | 1,286 | 152 | $69,522 |
| Sector 72 | 1,220 | 79 | $22,660 |
| Sector 54 | 862 | 104 | $81,176 |
| Sector 42 | 572 | 58 | $95,044 |
| Sector 81 | 416 | 52 | $51,551 |
The largest sector is the biggest private employer group at 8,042 jobs, 34.1 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 industries723
- Employment at those establishments18,238
- Annual payroll$998.4 m
- Establishments per 1,000 residents16.3
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, 2024519
- Declared construction value permitted$174.4 m
- Single family units authorised397
- Multifamily units authorised122
- Multifamily share of units23.5 percent
- Average declared value per unit$336,045
- Units authorised per 1,000 households33.1
Multifamily is 23.5 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 recorded141
- 7(a) gross approval dollars$40.2 m
- Average 7(a) approval$285,002
- Median 7(a) approval$86,000
- 10th percentile approval$22,400
- 90th percentile approval$625,100
- Largest single approval$2,617,000
- Jobs reported supported, 7(a)864
- Jobs per approval6.1
- Distinct 7(a) lenders active21
- Distinct industries receiving approvals70
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.5 percent
- Loans on real estate terms12
- Loans on working capital terms, 120 months or shorter117
- Franchise loans14
- Franchise share of approvals9.9 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (10)
- Most active lenderThe Huntington National Bank (109)
- 504 approvals recorded17
- 504 gross approval dollars$11.3 m
- Average 504 approval$665,000
- Median 504 approval$207,000
- Distinct CDCs active3
- 504 jobs per approval6.7
- 504 jobs per million dollars approved10.1
- Most active CDCOhio Statewide Development Corporation (8)
- 7(a) share of SBA approvals89.2 percent
- Combined SBA approval dollars$51.5 m
The average approval of $285,002 sits well above the median of $86,000, 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. Only 8.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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 recorded29
- Paid in full29
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full29
- Status: Exempt from disclosure90
- Status: Cancelled18
- Status: Committed, not yet disbursed4
Of the 29 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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 lending7
- Plain City, approvals57
- London, approvals55
- West Jefferson, approvals13
- Mount Sterling, approvals7
- Mt Sterling, approvals5
- Orient, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Plain City | 57 | $22,675,400 |
| London | 55 | $10,378,900 |
| West Jefferson | 13 | $3,378,500 |
| Mount Sterling | 7 | $598,800 |
| Mt Sterling | 5 | $2,728,400 |
| Orient | 3 | $381,500 |
| WESTERVILLE | 1 | $43,800 |
Plain City accounts for 57 approvals against 55 in London. 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 area466 sq mi
- Rank by land area among Ohio counties35th of 88
- Width, east to west23.7 mi
- Height, north to south28.7 mi
- Geographies sharing a boundary7
- Residents per square mile of land95
- Establishments per square mile1.55
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 greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
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.
- Population44,423
- Households15,686
- Average household size2.83
- Median household income$87,045
- Median age41.5
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Ohio?
44,423, in 15,686 households, ranking 53rd of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County growing?
The population has grown 3.84 percent since the 2020 census base. In 2024 there were 451 births against 449 deaths, with net migration of 863. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$87,045. The median owner-occupied home is valued at $250,100, which is 2.9 times income, and median gross rent is $943 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Madison County?
723 establishments, employing 18,238 people with an annual payroll of $998.4 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 $54,168, or $1,042 a week, across 23,600 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?
141 7(a) approvals totalling $40.2 m since FY2020, across 21 lenders, with a median approval of $86,000, plus 17 504 approvals worth $11.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Madison County get paid back?
Of the 29 loans that have reached a final outcome, 29 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Madison County?
519 housing units were authorised by permit in 2024, with a declared construction value of $174.4 m. Multifamily was 23.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 1, a predicted average indoor radon screening level greater than 4 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 15,267 households. Arriving households report an average income of $62,140 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.