Madison County, Virginia: commercial real estate data.
Madison County, Virginia has a population of 14,044 across 321 square miles, up 3.0 percent since the 2020 census base. County output reached $521.5 m in 2024, 283 establishments operate here, and the SBA record carries 5 7(a) approvals worth $647,900.
107 sourced county values · tier FULL · 11 sections
Madison County
How many people live in Madison County
- Population14,044
- Households5,482
- Average household size2.56
- Median household income$84,323
- Median age46.4
- Median gross rent$1,166 per month
- Median owner-occupied home value$370,300
- Home value to household income4.4 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher27.0 percent
- Adults 25 and over with a graduate degree11.8 percent
- Adults 25 and over10,171
- Population under 182,806
- Share under 1820.0 percent
- Population 65 and over3,259
- Share 65 and over23.2 percent
- Working age population, 18 to 647,979
- Civilian labor force7,112
- Unemployment rate4.3 percent
- Labor force participation, adults 18 and over63.3 percent
- Rank by population among Virginia counties102nd of 133
- Rank by population among US county-equivalents2222nd
Madison County is the 102nd largest of 133 Virginia counties by population. A median home costs 4.4 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 23.2 percent against 20.0 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 base2.98 percent
- Census 2020 base population13,840
- Births, 2024134
- Deaths, 2024165
- Natural change, 2024-31
- Net domestic migration, 2024117
- Net international migration, 202432
- Total net migration, 2024149
- Cumulative net domestic migration, 2021 to 2024437
- Rank by growth among US county-equivalents876th
The county has grown 2.98 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 arriving366
- People arriving, from those returns711
- Adjusted gross income arriving$28.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$77,678
- Largest single originMadison County Non-migrants (5,196 households)
- Largest single destination (5,196 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Madison County Non-migrants | 5,196 | 10,663 | $419.5 m |
| Other flows - Same State | 146 | 273 | $13.2 m |
| Other flows - Different State | 92 | 171 | $8.1 m |
| Culpeper County | 66 | 152 | $3.8 m |
| Other flows - South | 63 | 120 | $5.4 m |
| Orange County | 34 | 66 | $1.8 m |
| Other flows - Northeast | 29 | 51 | $2.6 m |
| Greene County | 28 | 49 | $1.6 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$521.5 m
- County GDP, 2023$491.6 m
- GDP change, 2023 to 20246.1 percent
- GDP change over five years38.5 percent
- Rank by GDP among Virginia counties88th
- Rank by GDP among US county-equivalents2377th
- GDP per resident$37,133
Output grew 6.1 percent in the latest year and 38.5 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 average3,095
- Establishments reporting476
- Average annual pay$50,151
- Average weekly wage$964
- Sector 44-45, employment441
- Sector 44-45, average annual pay$42,939
- Sector 31-33, employment312
- Sector 31-33, average annual pay$57,428
- Sector 23, employment271
- Sector 23, average annual pay$56,391
- Sector 72, employment230
- Sector 72, average annual pay$23,708
- Sector 81, employment141
- Sector 11, employment82
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 441 | 29 | $42,939 |
| Sector 31-33 | 312 | 19 | $57,428 |
| Sector 23 | 271 | 60 | $56,391 |
| Sector 72 | 230 | 17 | $23,708 |
| Sector 81 | 141 | 41 | $38,342 |
| Sector 11 | 82 | 21 | $48,831 |
| Sector 54 | 70 | 83 | $97,141 |
| Sector 52 | 65 | 13 | $79,900 |
The largest sector is the biggest private employer group at 441 jobs, 14.2 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 industries283
- Employment at those establishments2,354
- Annual payroll$104.0 m
- Establishments per 1,000 residents20.2
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, 202467
- Declared construction value permitted$22.3 m
- Single family units authorised67
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$333,394
- Units authorised per 1,000 households12.2
Multifamily is 0.0 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 recorded5
- 7(a) gross approval dollars$647,900
- Average 7(a) approval$129,580
- Median 7(a) approval$20,000
- 10th percentile approval$10,000
- 90th percentile approval$500,000
- Largest single approval$500,000
- Jobs reported supported, 7(a)0
- Jobs per approval0.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals4
- Median 7(a) term75 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter5
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countSeptic Tank and Related Services (2)
- Most active lenderUniversity of Virginia Community Credit Union Inc (2)
The average approval of $129,580 sits well above the median of $20,000, 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 0.0 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.
Madison County
Do SBA loans in Madison County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure2
- Status: Paid in full3
Too few loans have reached a final outcome to publish a charge off rate. only 3 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 lending4
- PRATTS, approvals2
- MADISON, approvals1
- ROCHELLE, approvals1
- LOCUST DALE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| PRATTS | 2 | $117,900 |
| MADISON | 1 | $20,000 |
| ROCHELLE | 1 | $10,000 |
| LOCUST DALE | 1 | $500,000 |
PRATTS accounts for 2 approvals against 1 in MADISON. 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 area321 sq mi
- Rank by land area among Virginia counties62nd of 133
- Width, east to west19.4 mi
- Height, north to south27.4 mi
- Geographies sharing a boundary5
- Residents per square mile of land44
- Establishments per square mile0.88
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.
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.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- 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.
- Population14,044
- Households5,482
- Average household size2.56
- Median household income$84,323
- Median age46.4
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Virginia?
14,044, in 5,482 households, ranking 102nd of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County growing?
The population has grown 2.98 percent since the 2020 census base. In 2024 there were 134 births against 165 deaths, with net migration of 149. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$84,323. The median owner-occupied home is valued at $370,300, which is 4.4 times income, and median gross rent is $1,166 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Madison County?
283 establishments, employing 2,354 people with an annual payroll of $104.0 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 $50,151, or $964 a week, across 3,095 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?
5 7(a) approvals totalling $647,900 since FY2020, across 3 lenders, with a median approval of $20,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Madison County?
67 housing units were authorised by permit in 2024, with a declared construction value of $22.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 5,196 households. Arriving households report an average income of $77,678 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.