What percentage of people rent in Madison, CT?
9.6% (±2.3 points) of the occupied homes in Madison, CT are rented (2020–2024 American Community Survey).
That is 673 renting households against 6,333 that own their home.
In Madison, the share of households that rent went from 14.4% in 2015–2019 to 9.6% in 2020–2024 (−4.8 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 9.6% (±2.3 points)
- Renting households
- 673 (±169)
- Median renter income
- $97,961 (±$22,093)
Who rents and who owns in Madison
| Madison | South Central Connecticut Planning Region | Connecticut | United States | |
|---|---|---|---|---|
| Renter-occupied share | 9.6% (±2.3 points) | 39.5% (±0.8 points) | 33.5% (±0.3 points) | 34.8% |
| Renting households | 673 (±169) | 91,053 (±1,840) | 481,018 (±4,678) | 45,017,354 |
| Owning households | 6,333 (±270) | 139,620 (±2,160) | 952,989 (±5,585) | 84,210,142 |
| Average renter household size | 1.8 (±0.3) | 2.1 (±0.0) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.1) | 2.6 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $97,961 (±$22,093) | $50,418 (±$1,775) | $52,072 (±$906) | $52,966 |
| Median owner household income | $175,886 (±$6,528) | $122,844 (±$2,543) | $125,125 (±$969) | $100,009 |
In Madison, the renter share is lower than in South Central Connecticut Planning Region (39.5%).
It is also lower than in Connecticut (33.5%).
It is lower than the national figure (34.8%).
In South Central Connecticut Planning Region, Madison ranks 13 of 15 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 140 of 169.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Madison has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 14.4% (±2.6 points) | 9.6% (±2.3 points) | −4.8 percentage points | Measurable decrease |
| Median gross rent | $1,478 (±$255) | $2,025 (±$741) | +37.0% | No measurable change after inflation |
| Median household income | $113,798 (±$14,447) | $167,442 (±$16,036) | +47.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Madison
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Madison | — | 9.6% (±2.3 points) | — |
| Killingworth | 3.2 mi | 3.3% (±2.7 points) | Lower |
| Guilford | 4.2 mi | 16.3% (±3.0 points) | Higher |
| Guilford Center | 5.2 mi | 42.2% (±11.1 points) | Higher |
| Clinton | 6.0 mi | 15.3% (±2.6 points) | Higher |
| Clinton (community) | 6.8 mi | 35.7% (±7.5 points) | Higher |
| Deep River | 7.8 mi | 30.8% (±7.7 points) | Higher |
| Westbrook | 8.1 mi | 24.4% (±5.7 points) | Higher |
| North Branford | 8.3 mi | 11.3% (±3.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Killingworth, CT (3.3%).
Nearby places with a measurably higher figure: Guilford, CT (16.3%), Guilford Center, CT (42.2%), Clinton, CT (15.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across South Central Connecticut Planning Region, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 7 | East Haven | 25.4% (±3.2 points) |
| 8 | Milford | 24.2% (±2.5 points) |
| 9 | North Haven | 18.7% (±3.1 points) |
| 10 | Guilford | 16.3% (±3.0 points) |
| 11 | North Branford | 11.3% (±3.6 points) |
| 12 | Orange | 10.8% (±2.2 points) |
| 13 | Madison | 9.6% (±2.3 points) |
| 14 | Woodbridge | 6.9% (±3.2 points) |
| 15 | Bethany | 2.8% (±2.9 points) |
Showing 9 of 15 places in South Central Connecticut Planning Region, ranked from highest to lowest.
The figures for Madison include the places inside it that have pages of their own: Madison Center.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Madison
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Questions about Madison
How many renters are there in Madison?
Madison has an estimated 673 (±169) renting households, 9.6% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Madison?
In Madison, the share of households that rent went from 14.4% in 2015–2019 to 9.6% in 2020–2024 (−4.8 percentage points), a measurable decrease.
How big are renting households in Madison?
A renting household in Madison has 1.8 people on average, against 2.6 in an owned home.
How much do renters earn in Madison?
The median renting household in Madison, CT has an income of $97,961 (±$22,093) a year, against $175,886 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison town, South Central Connecticut Planning Region, Connecticut
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Madison town, South Central Connecticut Planning Region, Connecticut
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison town, South Central Connecticut Planning Region, Connecticut (county subdivision:44560, in state:09 county:170).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Connecticut landlord and tenant rules
- Housing across South Central Connecticut Planning Region
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- Housing data for every place in Connecticut