Construction Value
$13.1M ▼ 54.8%
Units Permitted
32 ▼ 67.3%
Avg Value / Unit
$409K
2024 · Census Bureau Building Permits Survey
Construction activity in Madison slowed in 2024, down 67.3% from the prior year with 32 housing units permitted. At $409K per unit, new builds are running 66% above the Morris County average of $246K, pointing to higher-end construction. Volume is still modest compared to neighboring towns (18% fewer units than the county average of 39), but the investment per project is strong. 46.9% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$772
per resident
County avg: $6K-87%
$3.0M
per square mile
Madison vs. Morris County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 17 | 17 | $9.1M | 70% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 15 | 3 | $3.9M | 30% |
County Ranking by Construction Volume
Among 32 permit-issuing towns in Morris County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →