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Housing Affordability in Madison, NC
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 25.6%
- North Carolina 28.8%
- Renters paying 30%+
- 27.3%
- North Carolina 48.9%
- Homeowners paying 30%+
- 24.5%
- North Carolina 19.5%
- Owner costs with a mortgage
- $1,208/mo
- North Carolina $1,631/mo
Madison has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more11127.3%
- Homeowners paying 30% or more14624.5%
- Renters paying 50% or more8520.9%
- Median rent as a share of income: 18.3%
- Median owner costs as a share of income, with a mortgage: 23.4%
- Median owner costs without a mortgage: $468/mo
- Median home value divided by median household income: 3.5
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Madison, NC | 25.6% | 27.3% | 24.5% | 18.3% |
| Rockingham County | 26.4% | 50.9% | 18.5% | 30.4% |
| North Carolina | 28.8% | 48.9% | 19.5% | 29.5% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Madison, NC?
- In Madison, NC, 25.6% of households spend 30% or more of their income on housing costs.
- How does Madison compare with North Carolina?
- The households paying 30%+ for housing in Madison is 25.6%, compared with 28.8% for North Carolina as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates