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Madison County, NY

RANK #2 / 996  ·  POP 68,020  ·  NY

PROJECTED GROWTH: +5.4%

Madison County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Madison County?

Madison County, New York, distinguishes itself with a blend of rural charm and historical significance, notably as a former hub for hop production and a key location on the Underground Railroad. Situated in central New York, east of Syracuse, the county offers a quieter pace of life. Commuting to Syracuse takes approximately 30-40 minutes. The landscape features rolling hills, wooded areas, and several lakes and creeks, providing opportunities for outdoor recreation like hiking, boating, and fishing. Chittenango Falls State Park, with its notable waterfall, is a local landmark.

Life in Madison County often appeals to those seeking a rural lifestyle with access to larger cities. The community includes families, with public schools generally performing above average. The economy is rooted in agriculture, including dairy and value-added agricultural products. There is also a focus on renewable energy, with investments in solar and wind power projects contributing to the economic landscape. Educational institutions like Colgate University and SUNY Morrisville also play a role in the local economy and community life.

[02] Market Snapshot

Housing Ratio
4.6x

Below national median (4.7x)

GDP Growth
+1.0%

Well below national median

Home Prices
+3.8%

Outpacing national median

Climate & Terrain
-0.9

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 4.6x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Madison County U.S. National

The Numbers

DEMOGRAPHICS
Population
68,020
-0.65% YoY
Median Household Income
$68,869
Median Home Value
$162,800
+3.82% 12mo
Median Rent
$867
Average Annual Pay
$56,324
+4.0% YoY
Employment
20,886
+1.4% YoY
Income-to-Home-Value
0.423
More affordable than average
Migration Inflow
4.19%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$200,000
Days on Market
55
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
96.6%
Negotiation room for buyers
Sold Above List
20.6%
Listings w/ Price Drops
20.0%
Building Permits (2024)
120
Single-Family Permits
79

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$253M
TOTAL
PROJECT AMOUNT STATUS
Oxbow Hill Solar
Cypress Creek Renewables
$140M Planned
Hoffman Falls Wind
Liberty Renewables, Inc.
$63M Planned
Rolling Upland Wind Farm
EDP Renewables
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.0% 17 percentile
Population Growth -0.7% 8 percentile
Income Growth +8.8% 57 percentile
Vacancy Rate 0.6% 87 percentile
Home Price Change +3.8% 81 percentile
Rent Growth +22.4% 100 percentile
Price/Rent 11x 84 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Madison County, NY a good place to move to?

Madison County has a Boom Town Index score of 100/100, ranking #2 among 996 U.S. counties. With job growth at +1.4% and a median household income of $68,869, it's an above-average county on economic indicators.

Is Madison County affordable?

The median home value in Madison County is $162,800 with median rent at $867/month. The income-to-home-value ratio is 0.423, which is more affordable than the national average.

Is Madison County growing or shrinking?

Population growth: -0.7% year-over-year. Job growth: +1.4%. Home values changed +3.8% in the past 12 months.

Are people moving to Madison County?

Yes — 4.19% of Madison County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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