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Madison County, IL

RANK #143 / 996  ·  POP 265,512  ·  IL

PROJECTED GROWTH: +2.5%

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

[01] Why Madison County?

Madison County, Illinois, is often recognized for its historical significance, particularly as the starting point for the Lewis and Clark Expedition from Camp Dubois in Wood River. Located directly across the Mississippi River from St. Louis, Missouri, the county offers a blend of suburban and more rural communities. Commuting to St. Louis is a common practice, facilitated by major interstates and the Madison County Transit system, which also provides extensive local bus services and a vast network of bikeways. The county features diverse natural scenery, from the bluffs overlooking the Mississippi to prairie landscapes, with numerous parks and trails for outdoor recreation.

Life in Madison County appeals to families and professionals, with communities like Edwardsville, Glen Carbon, and Troy often cited for their quality of life. The economy is shaped by its proximity to a major metropolitan area and its historical industrial roots. Recent economic activity reflects investment in sectors such as logistics, energy, and advanced manufacturing, alongside ongoing infrastructure improvements. Educational opportunities are available through public school districts and institutions like Southern Illinois University Edwardsville.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+8.3%

Well above national median

Home Prices
+4.8%

Outpacing national median

Climate & Terrain
-1.7

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.3x — home prices are low 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
265,512
-0.23% YoY
Median Household Income
$71,759
Median Home Value
$159,400
+4.77% 12mo
Median Rent
$938
Average Annual Pay
$57,153
+3.6% YoY
Employment
105,166
+1.6% YoY
Income-to-Home-Value
0.4502
More affordable than average
Migration Inflow
2.47%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$214,000
Days on Market
51
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
31.9%
Listings w/ Price Drops
21.3%
Building Permits (2024)
366
Single-Family Permits
314

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

[05] Capital Investment

$2,670M
TOTAL
PROJECT AMOUNT STATUS
Data Center Campuses (Proposed)
Multiple Developers (e.g., Cloverleaf Infrastructure)
$1,000M Proposed
IDOT Highway and Multimodal Program
Illinois Department of Transportation (IDOT)
$720M Planned
Gateway Commerce Center & Lakeview Commerce Park Expansion
Multiple (e.g., Amazon, FedEx, P&G)
$500M Operating
Utility-Scale Battery Storage (MISO Zone 4 Allocation)
Illinois Power Agency (IPA) Procurements
$450M Planned

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

[06] Score Breakdown

GDP Growth +8.3% 96 percentile
Population Growth -0.2% 19 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 1.0% 57 percentile
Home Price Change +4.8% 89 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Madison County has a Boom Town Index score of 86/100, ranking #143 among 996 U.S. counties. With job growth at +1.6% and a median household income of $71,759, it's an above-average county on economic indicators.

Is Madison County affordable?

The median home value in Madison County is $159,400 with median rent at $938/month. The income-to-home-value ratio is 0.4502, which is more affordable than the national average.

Is Madison County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.6%. Home values changed +4.8% in the past 12 months.

Are people moving to Madison County?

Yes — 2.47% of Madison County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Saginaw County, MI 96 Oneida County, NY 96 Suffolk city, VA 96 Onondaga County, NY 96 Waupaca County, WI 96 Niagara County, NY 96 Garfield County, CO 96 Lake County, IL 96