Madison County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Madison County VA Housing Affordability Index is 105 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Madison County VA Wealth Index is 86 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties / Independent Cities, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Virginia address.

POPULATION
Total Population	13,850
Population in Households	13,657
Population in Familes	11,698
Population in Group Qrtrs	193
Population Density	43
Diversity Index¹	28

INCOME
Median Household Income	$52,324
Average Household Income	$73,795
Per Capita Income	$28,142
Wealth Index³	86

HOUSING
Total Housing Units	6,307 (100%)
Owner Occupied HU	3,854 (61.1%)
Renter Occupied HU	1,425 (22.6%)
Vacant Housing Units	1,028 (16.3%)
Median Home Value	$252,607
Housing Affordability Index²	105

HOUSEHOLDS
Total Households	5,279
Average Household Size	2.59
Family Households	3,923
Average Family Size	3

NOTES

The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Madison County VA - Peer Comparisons by Rank and Percentile

The table below compares Madison County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.43%	-0.02%
Households	0.41%	-0.04%
Families	0.33%	-0.11%
Median Household Income		2.39%
Per Capita Income		2.83%

Variable Description	Rank	Percentile
Total Population	# 103	23rd
Population Density	# 110	18th
Diversity Index	# 99	26th
Median Household Income	# 68	50th
Per Capita Income	# 70	48th

Madison County VA Information

Madison County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Madison County VA - Peer Comparisons by Rank and Percentile

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