Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 21,640 ↑ 2.1% since 2020 |
| Median Household Income | $58,628 21% below national median |
| Median Home Value | $263,500 |
| Unemployment Rate | 2.6% |
| Median Age | 44.5 years |
| Housing Vacancy Rate | 25.0% |
| Total Land Sales (Past 12 Months) | 200 transactions |
| Active Listings | 157 properties |
| Avg Days on Market | 225 days |
Rural Land Sales (1+ Acres) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $41,243 |
| Recent Sales | 134 transactions |
| Avg Days on Market | 229 days |
| Avg Parcel Size | 9.50 acres |
| Active Listings | 126 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 1.09 | $79,000 | $72,477 | Richmond |
| Mar 2026 | 5.00 | $100,000 | $20,000 | Richmond |
| Mar 2026 | 20.46 | $244,000 | $11,926 | Richmond |
| Feb 2026 | 1.53 | $62,000 | $40,523 | Richmond |
| Feb 2026 | 1.55 | $62,000 | $40,000 | Richmond |
| Feb 2026 | 1.00 | $90,000 | $90,000 | Richmond |
| Feb 2026 | 1.39 | $95,000 | $68,345 | Richmond |
| Feb 2026 | 20.00 | $275,000 | $13,750 | Richmond |
| Feb 2026 | 53.00 | $250,000 | $4,717 | Berea |
| Feb 2026 | 1.02 | $35,000 | $34,314 | Richmond |
Suburban/Urban Land Sales (Under 1 Acre) (Jan 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $62,000 |
| Recent Sales | 66 transactions |
| Avg Days on Market | 216 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 31 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.20 | $60,000 | Richmond |
| Mar 2026 | 0.33 | $60,000 | Richmond |
| Feb 2026 | 0.01 | $40,000 | Richmond |
| Feb 2026 | 0.21 | $62,000 | Richmond |
| Feb 2026 | 0.21 | $62,000 | Richmond |
| Feb 2026 | 0.21 | $62,000 | Richmond |
| Feb 2026 | 0.21 | $62,000 | Richmond |
| Jan 2026 | 0.94 | $75,000 | Richmond |
| Jan 2026 | 0.99 | $270,000 | Richmond |
| Jan 2026 | 0.22 | $19,000 | Richmond |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 94,064 |
| Population (2020) | 92,701 |
| Population Growth | 1.47% |
| Median Household Income | $62,407 |
| Median Home Value | $220,700 |
| Total Housing Units | 39,920 |
| Vacant Housing Units | 3,198 |
| Housing Vacancy Rate | 8.0% |
| Median Age | 34.7 |
| Bachelor's Degree or Higher | 11,953 (12.7%) |
| Unemployment Rate | 2.6% |
Market Overview
Madison County, Kentucky has a population of 94,064, which has grown 1.47% since 2020. The median household income is $62,407, below the national median of $74,580 by 16.3%. The housing vacancy rate of 8.0% suggests balanced market conditions. As part of Kentucky, Madison County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $41,243 per acre, with properties averaging 9.50 acres. There are currently 157 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Madison County, Kentucky?
As of the 2023 American Community Survey, Madison County has a population of 94,064. The county has grown 1.47% since the 2020 Census, indicating a growing community.
What is the median household income in Madison County?
The median household income in Madison County is $62,407, which is 16.3% below the national median of $74,580.
Is Madison County growing or shrinking?
Madison County is growing. The population has increased 1.47% since 2020.
What is the housing market like in Madison County?
The median home value in Madison County is $220,700. The housing vacancy rate is 8.0%, which suggests balanced market conditions. The unemployment rate is 2.6%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $41,243 per acre. Suburban/urban lots under 1 acre have a median lot price of $62,000.
Does Reelvest buy land in Madison County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Madison County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.