Commercial Real Estate Market in Madison, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 353 off-market properties in Madison, NC.
Market Trends
Madison, NC spans 97.7 square miles in Rockingham County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Madison, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Madison, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.9%
- Industrial 16.5%
- Commercial 6.2%
- Civic 4.5%
Largest Zones share of zoned land by district
Low Density Residential
Low Density Residential
Heavy Industrial
Medium Density Residential
Medium High Density Residential
Madison, NC zones 7,628 acres across 13 districts. Commercial zoning covers 6.2% of zoned land, residential 72.9% and industrial 16.5%. The largest single district is Low Density Residential at 46.2%. For commercial buyers the practical constraint is that only 22.7% of land carries a commercial or industrial designation.
Low Density Residential (R20MD)
This district is established as a planning area for those residential areas outside the service area of the municipal sewer system, but still within the planning jurisdiction of the Town of Madison, since sewer lines are not available in these areas, all residential development shall have lots with, at least 20000 square feet of area
Market overview
Demographics & Economy
Madison, NC has 10,769 residents in 5,513 households. Density runs 110 people per square mile. Median household income here is $53,075 and median gross rent $709 a month.
10,769
Population
5,513
Households
2
Avg Household Size
47
Median Age
15%
College-Educated
83%
High-School Grad
97.7 sq mi
ZIP Area
110
Density / Sq Mi
$53,075
Median Household Income
$36,261
Median Earnings
$709
Median Rent
$168,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mayodan | — | — |
| Ellisboro | — | — |
| Stoneville | — | — |
| Pine Hall | — | — |
Commercial property in Madison, NC asks $271/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, NC asks an average of $271 per square foot. The 5 most recent recorded sales traded at a median of $88/SF, so asking sits 208% above the achieved median.
What zoning applies to commercial property in Madison?
Madison, NC zones 7,628 acres across 13 districts, of which 6.2% is commercial and 16.5% industrial. The largest single district is Low Density Residential at 46.2% of zoned land. This district is established as a planning area for those residential areas outside the service area of the municipal sewer system, but still within the planning jurisdiction of the Town of Madison, since sewer lines are not available in these areas, all residential development shall have lots with, at least 20000 square feet of area Residential zoning covers 72.9% and open space 0%.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, NC figures from 5 recent recorded sales, 22 active sale listings, 2 active lease listings, 353 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 2 active for-lease listings in Madison, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,628 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
