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market report · 07940
Madison, NJ · 07940
14 active listings$949,500 median ask$4,199 est. rent0.4% price/rent
$949,500
Median list price
$4,199/mo
Estimated rent
0.4%
Price / rent ratio
14
Listings
FHFA home price index · 2016–2025
55.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.39
Median rent / sqft
1 comps
$439.70
Median sold / sqft
1 comps
—
Walkability
3.5%
Area unemployment
BLS LAUS
Median household income $172,708 · median home value $940,900 · ACS 2024.
Natural-hazard risk Relatively Low (FEMA NRI score 40).
14 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
37 Knollwood Ave, Madison, NJ 07940
Madison, NJ
$779,000$4,483/mo0.6%
84 Green Ave, Madison, NJ 07940
Madison, NJ
$1,285,000$6,624/mo0.5%
39 Chelsea Ct, Madison, NJ 07940
Madison, NJ
$835,000$4,154/mo0.5%
268 Main St, Madison, NJ 07940
Madison, NJ
$425,000$2,095/mo0.5%
43 Alexander Ave, Madison, NJ 07940
Madison, NJ
$949,000$4,423/mo0.5%
52 Hamilton St, Madison, NJ 07940
Madison, NJ
$950,000$4,151/mo0.4%