Commercial Real Estate Market in Madison, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 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 October 2026.
Office
Office vacancy in Madison, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Madison, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Madison, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Madison?
What zoning applies to commercial property in Madison?
Where does Realmo's Madison market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 2 active for-lease listings in Madison, NC. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 and industrial vacancy is reported at South region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
