Performance indicators for the Madison short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Madison.
Loading top listings...
Challenging to Investors
Madison has no STR-specific ordinance, leaving operators to piece together state and general local requirements (zoning verification, business registration, sales/use tax, Uniform Fire Code, potential change-of-use and inspections), which introduces compliance uncertainty and inconsistent enforcement risk despite no known citywide caps or license fees.
Local STR Agent
STR specialist · Madison, NJ
Madison is a borough in Morris County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 16,937, an increase of 1,092 (+6.9%) from the 2010 census count of 15,845, which in turn reflected a drop in population of 685 (−4.1%) from the 16,530 counted in the 2000 census.Madison is noted for its historic railroad station. The station is located on the Morris & Essex Lines, which was one of the nation's first commuter railroads. Many wealthy residents of Manhattan relocated to Madison and its surrounding communities since the rail line offered direct transport to New York City. Madison is known as "The Rose City" and was named in honor of President James Madison.Madison was ranked 33rd in Money magazine's ranking of the "Best Places to Live" in 2011, the third-highest ranked location in New Jersey and second-highest in Morris County behind Montville. New Jersey Monthly ranked Madison first in its 2019 rankings of the "Best Places to Live" in New Jersey.Madison is a college town that is the home of both Drew University and Fairleigh Dickinson University; Saint Elizabeth University is located in neighboring Convent Station, New Jersey. Madison is also home to the Shakespeare Theatre of New Jersey, one of the largest professional Shakespeare companies in North America.