Madison County VA Data & Peer Group Rankings

Madison County VA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	13,914 (100%)
Population in Households	13,721 (98.6%)
Population in Families	11,721 (84.2%)
Population in Group Quarters¹	193 ( 1.4%)
Population Density	43
Diversity Index²	30


INCOME
Median Household Income	$53,162
Average Household Income	$75,732
% of Income for Mortgage⁴	20%
Per Capita Income	$29,091
Wealth Index⁵	83

HOUSING
Total HU (Housing Units)	6,425 (100%)
Owner Occupied HU	3,828 (59.6%)
Renter Occupied HU	1,514 (23.6%)
Vacant Housing Units	1,083 (16.9%)
Median Home Value	$253,975
Average Home Value	$353,363
Housing Affordability Index³	121

HOUSEHOLDS
Total Households	5,342
Average Household Size	2.57
Family Households	3,950
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.44%	-0.05%
Households	0.49%	-0.02%
Families	0.37%	-0.11%
Median Household Income		0.83%
Per Capita Income		1.94%
Owner Occupied HU		0.03%

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, 2020 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.

Variable Description	Rank	Percentile
Total Population	# 103	23rd
Population Density	# 108	20th
Median Household Income	# 64	53rd
Housing Affordability Index	# 14	11th
Per Capita Income	# 62	54th
Diversity Index	# 99	26th

Variable Description

Rank

Percentile

Total Population

# 103

23rd

Population Density

# 108

20th

Median Household Income

# 64

53rd

Housing Affordability Index

# 14

11th

Per Capita Income

# 62

54th

Diversity Index

# 99

26th

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Madison County VA Information

Madison County VA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Madison County VA - Peer Comparisons by Rank and Percentile

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