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Median Home Price in Madison, NJ

The median home value in Madison, NJ is $1,045,392 as of 2026-06-30, up 7.04% from a year earlier.

Median Home Value

$1,045,392

Year-over-Year

+7.04%

Population

16,643

Madison ranks #24 of 184 New Jersey cities tracked here by median home value, and sits 70.1% above the state's city median of $614,590. It sits in Morris County, where the county-wide median is $717,390.

Crime in Madison

Madison police recorded a violent crime rate of 12 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 409 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Madison

How much does a house cost in Madison, NJ?

The median home value in Madison is $1,045,392. That's up 7.04% from a year earlier. That is about 70.1% above the typical county in New Jersey.

Is Madison expensive compared to the surrounding area?

Homes in Madison are more expensive than Morris County as a whole, where the median is $717,390 — a difference of about 45.7%.

Is Madison a safe place to live?

Madison police reported 12 violent crimes per 100,000 residents, covering a population of about 16,643. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.