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City · 9,124 residents · Middlesex County, New Jersey

Madison Park , New Jersey

In Madison Park, a typical home is worth $426,500 and typical rent is $1,528 a month. Compared with all of Middlesex County, typical household income is 29% lower, typical rent is 18% lower, and the share of households that own their home is 31 points lower.

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  • Typical home value

    $426,500

    8% below the county

    6% below New Jersey

    • Madison Park
    • Middlesex
    • New Jersey

  • Typical rent

    $1,528a month

    18% below the county

    11% below New Jersey

    • Madison Park
    • Middlesex
    • New Jersey

  • Typical household income

    $79,509a year

    29% below the county

    23% below New Jersey

    • Madison Park
    • Middlesex
    • New Jersey

  • Households that own their home

    33%

    31 points below the county

    31 points below New Jersey

    • Madison Park
    • Middlesex
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Madison Park is in Middlesex County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Middlesex County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Madison Park apart

What this place has that others do not, from public data, most unusual first.

  1. 33% of households in Madison Park own their home, against 64% in Middlesex County.

  2. Nearby, in Laurence Harbor, the typical home value is $306,700: 28% less than in Madison Park ($426,500).

  3. The typical household income in Madison Park is $79,509, 29% less than in Middlesex County as a whole ($111,549).

  4. The typical rent in Madison Park is $1,528 a month, 18% less than in Middlesex County as a whole ($1,871).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Madison Park

What homes there are in Madison Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Madison Park there is a bit of everything: no kind of home reaches half. The most common are detached houses (28%); in Middlesex County, 52%.

Year built

The typical home in Madison Park was built in 1965, 9 years before the typical one in Middlesex County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,398 a month

Middlesex County: $2,877 a month

Without a mortgage

$984 a month

Middlesex County: $1,242 a month

Owners with a mortgage

71%

Middlesex County: 63%

In Madison Park, 71% of owners have a mortgage, and their typical cost is $2,398 a month, against $2,877 in Middlesex County. Without one it drops to $984.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Madison Park with 2015–2019 because its boundaries changed. In Middlesex County, over that time, the typical home value rose 35%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMadison ParkMiddlesex CountyNew JerseyUnited States
Rental vacancy Unreliable estimate2.4%3.5%5.5%
Homeowner vacancy Unreliable estimate0.4%0.7%0.9%
More than one person per room 21.5%5.5%4.0%3.4%
People per household 3.272.752.622.53
Drive alone 65%61%62%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimate6%8%3%
Walk or bike Unreliable estimate3%3%3%
Work from home Unreliable estimate18%17%15%
Other means Unreliable estimate4%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Madison Park, 21.5% of households live with more than one person per room, against 5.5% in Middlesex County.

Households in Madison Park are bigger: 3.27 people on average; in Middlesex County, 2.75.

In Madison Park, 65% of workers drive alone to work; in Middlesex County, 61%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Madison Park?

A typical home costs more than the typical income allows

We start with a typical home in Madison Park, worth $426,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 58% of the typical household income in Madison Park, which is $79,509 a year. For that payment to be 28% of income, a household would need to earn about $165,463 a year.

The calculator's FHA and conventional loan limits are those of all of Middlesex County.

Your numbers

Local data
$

Starts at the typical home value in Madison Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,928 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,861

at 7.18% · 30 years

Loan amount
$418,775
Total interest
$602,518
Paid off in
November 2056

Includes $7,203 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,855 a month

  • Tight

    $1,855 to $2,385 a month

  • Hard

    more than $2,385 a month

    Your payment · 58%

Compared with the typical household income in Madison Park ($79,509 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,861
Principal & interest$2,837
Property tax$658
Home insurance$178
FHA mortgage insurance (MIP)$189

You need at least $14,928 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Madison Park and Middlesex County

Madison Park is in Middlesex County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Madison Park's own numbers

Typical home value
$426,500
Typical monthly rent
$1,528
Typical yearly household income
$79,509
Households that own their home
33%
Effective property tax rate
1.85%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Middlesex County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,623
Price change over 5 years (FHFA)
+62%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Middlesex County.

Everything about Middlesex County

Buying

Buying a home in Madison Park

A typical home in Madison Park is worth $426,500: 8% below the county and 6% below New Jersey. With the typical household income in Madison Park ($79,509 a year), a typical home costs 5.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Madison Park 5.4 years
  • Middlesex 4.1 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Middlesex County

According to FHFA’s house price index, home prices in Middlesex County rose 89% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Middlesex County.

Period County New Jersey U.S.
Last year (2025) +6.1% +6.2% +2.9%
5 years (2020–2025) +62% +63% +47%
10 years (2015–2025) +89% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Madison Park next to Middlesex County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Madison Park $426,500
  • Middlesex $462,900
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Madison Park $1,528
  • Middlesex $1,871
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Madison Park $79,509
  • Middlesex $111,549
  • New Jersey $103,556
  • United States $80,734
See the full table
Madison Park next to Middlesex County and New Jersey
Measure Madison Park Middlesex County New Jersey U.S.
Typical home value $426,500 $462,900 $454,400 $332,700
Typical monthly rent $1,528 $1,871 $1,720 $1,413
Typical yearly household income $79,509 $111,549 $103,556 $80,734
Households that own their home 33% 64% 64% 65%
Typical yearly property tax $7,889 $9,712 $9,590 $3,119
Effective property tax rate 1.85% 2.1% 2.11% 0.94%
Renters with high rent for their income 53% 48% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Middlesex County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Madison Park

For a typical $426,500 home in Madison Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Madison Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,861a month

    Least cash to close
    Down payment
    $14,928
    Cash to close
    $27,723
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $189

  • Conventional, 5% down $3,783a month

    Down payment
    $21,325
    Cash to close
    $34,120
    Rate
    7.18%
    Mortgage insurance
    PMI · $203

  • Conventional, 20% down, no PMI $3,147a month

    Down payment
    $85,300
    Cash to close
    $98,095
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,541a month

    Down payment
    $63,975
    Cash to close
    $76,770
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Madison Park and for Middlesex County.

Property tax

Effective rate in Madison Park

1.85%of the home’s value each year

$7,889 a year for the typical owner in Madison Park.

  • Madison Park 1.85%
  • Middlesex 2.1%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Middlesex County

FEMA does not publish these numbers by city: they are for all of Middlesex County.

Homes in the high-risk zone
1.1%
2,391
Of those, with NFIP insurance
54%
County New Jersey U.S.
Homes in the high-risk zone 1.1% 6.7% 3.5%
Of those, with NFIP insurance 54% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Madison Park

Typical rent in Madison Park is $1,528 a month: 18% below the county. In Madison Park, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Middlesex County, by unit size. To pay the 2-bedroom one ($2,623 a month) without spending more than 30% of your income, you would need to earn $50.44 an hour working full time.

HUD fair market rent for all of Middlesex County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,953 $37.56 $78,120
1 bedroom $2,103 $40.44 $84,120
2 bedrooms $2,623 $50.44 $104,920
3 bedrooms $3,125 $60.10 $125,000
4 bedrooms $3,508 $67.46 $140,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Madison Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Madison Park has 3 ZIP codes with their own.

For 2 bedrooms it runs from $2,310 in 08859 to $2,420 in 08879.

None is above the fair market rent for Middlesex County ($2,623).

  • 08857 $2,340$2,790
  • 08859 $2,310$2,750
  • 08879 $2,420$2,880

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Madison Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Madison Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Middlesex County; 2 say they serve in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Madison Park

No down payment, repair or rent-help program on our list is for Madison Park or Middlesex County. The ones below are statewide in New Jersey: they work in Madison Park the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Madison Park

The HUD-approved agencies closest to the center of Madison Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Puerto Rican Association for Human Development, Inc.

    100 1st St, Perth Amboy · 4 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (732) 638-2824

  • Puerto Rican Action Board, Inc.

    754 Route 18, East Brunswick · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (732) 832-7535

  • The Housing Authority of the City of Perth Amboy

    881 Amboy Avenue, Perth Amboy · 6 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    732-826-3110-631

Every agency in Middlesex County All counseling agencies in New Jersey

Help in Spanish near Madison Park

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Madison Park

In HUD’s record, no housing authority with an office in Middlesex County is named for Madison Park or Middlesex County.

9 other authorities have an office in Middlesex County: see the list Source: HUD

Cities

Other cities in Middlesex County

These cities are also in Middlesex County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Middlesex County Housing in New Jersey
See 15 more cities in Middlesex County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Madison Park, with the typical home value.

Neighboring counties

If Middlesex County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Madison Park.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Madison Park

Short answers with the numbers for Madison Park and all of Middlesex County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Madison Park?

The typical home value in Madison Park is $426,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Middlesex County it is $462,900.

How much does it cost to rent in Madison Park?

Typical rent in Madison Park is $1,528 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Middlesex County is $2,623.

What is the FHA loan limit in Madison Park?

Madison Park uses the FHA limit for all of Middlesex County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Madison Park?

The typical homeowner in Madison Park pays $7,889 a year, according to the U.S. Census Bureau. That is 1.85% of the home’s value; in Middlesex County, the rate is 2.1%.

Where can I find free help to buy or rent in Madison Park?

There are 3 HUD-approved counseling agencies with an office in Middlesex County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).