Madison, VA population, income and ZIP codes

Madison town is a very small community in Virginia, with 328 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #527 of 688 ranked by population — larger than 23% of them. The median age here is 40.3 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Madison town earn a median of $47,059 a year, 40.1% below the national figure of $78,538 and 43% below the $82,986 median for the 383 Virginia cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 24.1% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Madison town is valued at $312,500, 3% above the national figure and 7% above the $291,300 peer median, while median gross rent runs $986 a month, 29.9% below the national figure, or roughly $11,832 across a full year. A household on the local median income would put about 25.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 6.6×, against roughly 3.9× nationally, so buying is out of reach on local earnings alone and the ownership market leans on outside income, equity or dual high earners. 38.2% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Home values sit at 6.6× median household income, far past the 3.9× national mark, so ownership costs here are set by something other than local wages — second homes, retirees with equity, or commuters earning elsewhere. With 328 residents, a handful of survey responses moves every median on this page. Compare Madison town against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.