Madison, Florida

Madison County Real Estate - Madison

Madison is in North Central Florida. It's population as recorded in the 2010 Census was 2,843. Madison is approximately 52 miles from Tallahassee (population 181,376) and around 50 miles from Lake City (population 12,046).

The median age for residents of Madison is 35.4. Around 35% of Madison households include school aged children and 26.9% of households include individuals aged 65 years or over. Census records indicate 30.8% of the Madison population are White, 65.9% are Black or African American, .4% American Indian, .6% Asian and 1.7% are Two or more Races.

There are 1,349 housing units in Madison. 223 (16.5%) of these were reported as vacant in the 2010 Census. There are 645 residential rental units in Madison. 548 of them were occupied in 2010 providing a residential rental vacancy rate of 14.6%.

Madison links:

Sue Goldthorp

I'm here to help

My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Madison, Florida.

Madison Real Estate

There are 4,739 properties in Madison. The following table shows a summary of them based on 2014 sales data.

Madison Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 1,082 22.83 16 $140,500 $80January 1st, 2014September 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 117 2.47 1 $55,000 $34March 1st, 2014March 1st, 2014
Health Care 2 0.04 0n/an/an/an/a
Hotel & Motel 297 6.27 1 $3,150,000 $99September 1st, 2014September 1st, 2014
Industrial 36 0.76 1 $275,000 $9September 1st, 2014September 1st, 2014
Miscellaneous Property 11 0.23 0n/an/an/an/a
Mobile/Manufactured 714 15.07 12 $45,650 $31January 1st, 2014September 1st, 2014
Multifamily 138 2.91 5 $39,000 $16July 1st, 2014September 1st, 2014
Office 61 1.29 4 $108,250 $42March 1st, 2014October 1st, 2014
Residential 2,045 43.15 42 $46,000 $32January 1st, 2014October 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 134 2.83 6 $110,000 $40February 1st, 2014August 1st, 2014
Senior Housing 8 0.17 1 $55,500 $41August 1st, 2014August 1st, 2014
Special Purpose 89 1.88 1 $374,900 $48August 1st, 2014August 1st, 2014
Sports & Entertaining 5 0.11 0n/an/an/an/a

Agricultural Real Estate in Madison, Florida

1,082( 22.83%) of the properties in Madison are classified as Agricultural. 16 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $14,339,000. The median sales price was $140,500. In 2014 the median sales price for Agricultural in Madison was $80 per sq ft.

Commercial Real Estate in Madison, Florida

0( .00%) of the properties in Madison are classified as Commercial.

Government Real Estate in Madison, Florida

117( 2.47%) of the properties in Madison are classified as Government. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $55,000. The median sales price was $55,000. In 2014 the median sales price for Government Property in Madison was $34 per sq ft.

Health Care Real Estate in Madison, Florida

2( .04%) of the properties in Madison are classified as Health Care.

Hotel & Motel Real Estate in Madison, Florida

297( 6.27%) of the properties in Madison are classified as Hotel & Motel. 1 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $3,150,000. The median sales price was $3,150,000. In 2014 the median sales price for Hotel & Motel in Madison was $99 per sq ft.

Industrial Real Estate in Madison, Florida

36( .76%) of the properties in Madison are classified as Industrial. 1 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $275,000. The median sales price was $275,000. In 2014 the median sales price for Industrial in Madison was $9 per sq ft.

Miscellaneous Real Estate in Madison, Florida

11( .23%) of the properties in Madison are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Madison, Florida

714( 15.07%) of the properties in Madison are classified as Mobile/Manufactured. 12 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $587,900. The median sales price was $45,650. In 2014 the median sales price for Mobile/Manufactured in Madison was $31 per sq ft.

Multifamily Real Estate in Madison, Florida

138( 2.91%) of the properties in Madison are classified as Multifamily. 5 of them sold between July 1st, 2014 and September 1st, 2014. The total value of these sales was $231,100. The median sales price was $39,000. In 2014 the median sales price for Multifamily in Madison was $16 per sq ft.

Office Real Estate in Madison, Florida

61( 1.29%) of the properties in Madison are classified as Office. 4 of them sold between March 1st, 2014 and October 1st, 2014. The total value of these sales was $384,000. The median sales price was $108,250. In 2014 the median sales price for Office in Madison was $42 per sq ft.

Residential Real Estate in Madison, Florida

2,045( 43.15%) of the properties in Madison are classified as Residential. 42 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $2,699,700. The median sales price was $46,000. In 2014 the median sales price for A Class Residential in Madison was $58 per sq ft, B Class properties sold for $32/ft and C Class $13/ft.

Residential Real Estate in Madison, Florida

0( .00%) of the properties in Madison are classified as Residential.

Retail Real Estate in Madison, Florida

134( 2.83%) of the properties in Madison are classified as Retail. 6 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $1,034,400. The median sales price was $110,000. In 2014 the median sales price for Retail in Madison was $40 per sq ft.

Senior Housing Real Estate in Madison, Florida

8( .17%) of the properties in Madison are classified as Senior Housing. 1 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $55,500. The median sales price was $55,500. In 2014 the median sales price for Senior Housing in Madison was $41 per sq ft.

Special Purpose Real Estate in Madison, Florida

89( 1.88%) of the properties in Madison are classified as Special Purpose. 1 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $374,900. The median sales price was $374,900. In 2014 the median sales price for Special Purpose in Madison was $48 per sq ft.

Sports & Entertaining Real Estate in Madison, Florida

5( .11%) of the properties in Madison are classified as Sports & Entertaining.

Madison, Madison County Market Data

Madison Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 1,049 1,402,021
Government Property 106 1,049,738
Health Care 2 17,345
Hotel & Motel 272 133,415
Industrial 36 607,419
Land 369 106,830
Miscellaneous Property 11 53,072
Mobile/Manufactured 692 938,161
Multifamily 113 561,787
Office 60 264,649
Residential 2,013 3,322,940
Retail 127 832,672
Senior Housing 4 77,697
Special Purpose 84 471,561
Sports & Entertaining 5 39,220

Madison Median Property Values per Sq Ft

Madison Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $221$37 $30$17 $19$7
Auto sales, auto repair and storage or auto service shop 2016 $221$8 $30$4 $19$2
Bowling alley, skating rink, pool hall or enclosed arena 2016 $221$37 $30$17 $19$7
Church 2016 $401$8 $63$5 $35$4
Club, lodge or union hall 2016 $401$8 $63$5 $35$4
College 2016 $401$11 $63$6 $35$4
Community Shopping Center 2016 $221$8 $30$4 $19$2
County Owned 2016 $401$11 $63$6 $35$4
Cropland soil capability Class II 2016 $221$18 $30$11 $19$7
Cropland soil capability Class III 2016 $221$18 $30$11 $19$7
Department Store 2016 $221$8 $30$4 $19$2
Drive-in Restaurant 2016 $221$8 $30$4 $19$2
Enclosed theater or auditorium 2016 $221$37 $30$17 $19$7
Federal Owned 2015 $64$11 $10$7 $10$4
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $221$8 $30$4 $19$2
Food processing 2016 $221$8 $30$3 $19$1
Forest, park or recreational area 2014 $41$11 $41$7 $41$5
Government Undefined 2016 $401$11 $63$6 $35$4
Grazing land soil capability Class II 2016 $401$18 $63$11 $35$7
Heavy industrial 2016 $221$8 $30$3 $19$1
Home for the aged 2016 $401$15 $63$10 $35$9
Hospital 2016 $401$11 $63$6 $35$4
Hotel or motel 2016 $221$33 $30$33 $19$33
Insurance company office 2016 $221$9 $30$7 $19$4
Light manufacturing 2016 $221$8 $30$3 $19$1
Lumber yard, sawmill or planing mill 2016 $221$8 $30$3 $19$1
Miscellaneous Residential (migrant camp or boarding home.) 2016 $105$33 $35$33 $27$33
Mixed use - store and office or store and residential or residential combination 2016 $221$8 $30$4 $19$2
Mobile Home 2016 $72$6 $29$6 $15$6
Mortuary, cemetery or crematorium 2016 $401$8 $63$5 $35$4
Multi-family - 10 units or more 2016 $105$7 $35$5 $27$3
Multi-family - less than 10 units 2016 $105$7 $35$5 $27$3
Municipal Owned 2016 $401$11 $63$6 $35$4
Nightclub, cocktail lounge or bar 2016 $221$37 $30$17 $19$7
Office building, non-professional service building, multi-story 2016 $32$9 $32$7 $32$4
Office building, non-professional service building, one story 2016 $32$9 $32$7 $32$4
Orchard Groves, Citrus, etc. 2016 $401$18 $63$11 $35$7
Ornamentals, miscellaneous agricultural 2016 $401$18 $63$11 $35$7
Orphanage, other non-profit or charitable services 2014 $41$7 $41$5 $41$4
Packing plant (fruit and vegetable or meat packing) 2016 $221$8 $30$3 $19$1
Poultry, bees, tropical fish, rabbits, etc. 2016 $401$18 $63$11 $35$7
Private school or college 2016 $401$8 $63$5 $35$4
Professional service building 2016 $32$9 $32$7 $32$4
Public county school 2016 $401$11 $63$6 $35$4
Repair service shop (excluding automotive) 2016 $221$8 $30$4 $19$2
Restaurant, cafeteria 2016 $221$8 $30$4 $19$2
Sanitarium or convalescent rest home 2016 $401$25 $63$17 $35$11
Service station 2016 $221$8 $30$4 $19$2
Single Family 2016 $68$16 $41$16 $30$16
State Owned 2016 $401$11 $63$6 $35$4
Store, one story 2016 $221$8 $30$4 $19$2
Supermarket 2016 $221$8 $30$4 $19$2
Timberland - site index 50 to 59 2016 $401$18 $63$11 $35$7
Timberland - site index 60 to 69 2016 $401$18 $63$11 $35$7
Timberland - site index 70 to 79 2016 $401$18 $63$11 $35$7
Timberland - site index 80 to 89 2016 $401$18 $63$11 $35$7
Timberland not classified by site index to Pines 2016 $401$18 $63$11 $35$7
Utility 2016 $401$42 $63$15 $35$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $221$8 $30$3 $19$1