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Madison County, NY

Sullivan

RANK #195 / 996 NAT  ·  #9 / 45 NY  ·  POP 68,020

1YR FORECAST: +4.4%

5YR OUTLOOK: +32%

Our model projects Madison County's housing market to grow +4.4% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Colgate University Education
    500+
  2. 2
    Oneida Health Care Healthcare
  3. 3
    Madison County Government Government
  4. 4
    Briggs & Stratton Manufacturing
    250+
  5. 5
    Marquardt Switches Manufacturing
  6. 6
    SUNY Morrisville Education
  7. 7
    CPP, formerly ESCO Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
26.9%
of residents (national avg: 33%)

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] Crime & Safety

B+
SAFETY
GRADE
Firearm Fatalities
6.6
per 100K · nat avg 14.8
Injury Deaths
67.7
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Madison County ranks #195 out of 996 U.S. counties on the Boom Town Index with a score of 80/100, putting it in the top tier nationally. Job growth of +1.4% and a median household income of $68,869 point to a county with active economic momentum.

Is Madison County affordable?

By national standards, Madison County is quite affordable. Homes here have a median value of $162,800, and the income-to-home-value ratio of 0.42 is well above the U.S. average — especially with median rent at just $867/month. Residents can generally buy a home without being cost-burdened.

Is Madison County growing or shrinking?

It's a mixed picture in Madison County. The population is declining (-0.7% YoY), but employers are actually hiring — job growth is at +1.4%. Home values moved +3.8% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are people moving to Madison County?

There's a moderate stream of newcomers. About 4.19% of residents moved from another state, which is above average and suggests Madison County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

St. Lawrence County, NY 80 Cayuga County, NY 81 Rensselaer County, NY 79 Jefferson County, NY 82 Chautauqua County, NY 83 Oneida County, NY 86 Laurens County, SC 80 Russell County, AL 80