Housing in Madison County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Madison County averages $1,166/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 28% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Madison County FMR Area are $973 for a studio, $1,024 for 1‑bedroom, $1,124 for 2‑bedroom, $1,563 for 3‑bedroom, and $1,757 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $42 decrease for a 2-bedroom in Madison County shows a 4% decline over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Madison County was 2.5% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.

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Towns near Hood

City
County
State
Miles
Orange
VA
0.0
Madison
VA
6.5
Orange
VA
7.0
Orange
VA
7.1
Orange
VA
7.9
Orange
VA
8.1
Madison
VA
10.2
Madison
VA
10.4
Orange
VA
10.6
Madison
VA
12.0
Madison
VA
12.7
Orange
VA
12.8
Madison
VA
14.0
Orange
VA
14.3
Madison
VA
14.9
Madison
VA
15.7
Orange
VA
16.9
Madison
VA
17.2
Greene
VA
19.8
Madison
VA
21.0
Madison
VA
23.3
Madison
VA
24.3
Madison
VA
24.4
Greene
VA
24.5
Greene
VA
24.5
Greene
VA
28.0

Renter Qualifications

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