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

Tenure, estimate (90% margin of error)
MadisonSouth Central Connecticut Planning RegionConnecticutUnited States
Renter-occupied share9.6% (±2.3 points)39.5% (±0.8 points)33.5% (±0.3 points)34.8%
Renting households673 (±169)91,053 (±1,840)481,018 (±4,678)45,017,354
Owning households6,333 (±270)139,620 (±2,160)952,989 (±5,585)84,210,142
Average renter household size1.8 (±0.3)2.1 (±0.0)2.1 (±0.0)2.3
Average owner household size2.6 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent14.4% (±2.6 points)9.6% (±2.3 points)−4.8 percentage pointsMeasurable 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

Nearest places with a published estimate, compared with Madison
PlaceDistanceHouseholds that rentCompared with this place
Madison—9.6% (±2.3 points)—
Killingworth3.2 mi3.3% (±2.7 points)Lower
Guilford4.2 mi16.3% (±3.0 points)Higher
Guilford Center5.2 mi42.2% (±11.1 points)Higher
Clinton6.0 mi15.3% (±2.6 points)Higher
Clinton (community)6.8 mi35.7% (±7.5 points)Higher
Deep River7.8 mi30.8% (±7.7 points)Higher
Westbrook8.1 mi24.4% (±5.7 points)Higher
North Branford8.3 mi11.3% (±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

RankPlaceHouseholds that rent
7East Haven25.4% (±3.2 points)
8Milford24.2% (±2.5 points)
9North Haven18.7% (±3.1 points)
10Guilford16.3% (±3.0 points)
11North Branford11.3% (±3.6 points)
12Orange10.8% (±2.2 points)
13Madison9.6% (±2.3 points)
14Woodbridge6.9% (±3.2 points)
15Bethany2.8% (±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

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.

Request a Census API 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 .

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