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%.
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Madison Real Estate
There are 4,739 properties in Madison. The following table shows a summary of them based on 2014 sales data.
Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
---|---|---|---|---|---|---|---|
Agricultural | 1,082 | 22.83 | 16 | $140,500 | $80 | January 1st, 2014 | September 1st, 2014 |
Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Government Property | 117 | 2.47 | 1 | $55,000 | $34 | March 1st, 2014 | March 1st, 2014 |
Health Care | 2 | 0.04 | 0 | n/a | n/a | n/a | n/a |
Hotel & Motel | 297 | 6.27 | 1 | $3,150,000 | $99 | September 1st, 2014 | September 1st, 2014 |
Industrial | 36 | 0.76 | 1 | $275,000 | $9 | September 1st, 2014 | September 1st, 2014 |
Miscellaneous Property | 11 | 0.23 | 0 | n/a | n/a | n/a | n/a |
Mobile/Manufactured | 714 | 15.07 | 12 | $45,650 | $31 | January 1st, 2014 | September 1st, 2014 |
Multifamily | 138 | 2.91 | 5 | $39,000 | $16 | July 1st, 2014 | September 1st, 2014 |
Office | 61 | 1.29 | 4 | $108,250 | $42 | March 1st, 2014 | October 1st, 2014 |
Residential | 2,045 | 43.15 | 42 | $46,000 | $32 | January 1st, 2014 | October 1st, 2014 |
Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Retail | 134 | 2.83 | 6 | $110,000 | $40 | February 1st, 2014 | August 1st, 2014 |
Senior Housing | 8 | 0.17 | 1 | $55,500 | $41 | August 1st, 2014 | August 1st, 2014 |
Special Purpose | 89 | 1.88 | 1 | $374,900 | $48 | August 1st, 2014 | August 1st, 2014 |
Sports & Entertaining | 5 | 0.11 | 0 | n/a | n/a | n/a | n/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
Property Usage | Property Count | Total 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
Property Class | Class A | Class B | Class C | ||||
---|---|---|---|---|---|---|---|
Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
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 |
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 |
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 |
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