Population 6,065 · Census ACS 2020–24
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Population and households in Madison Park
Household size in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.01 | 2.60 | 2.53 | 2.68 |
| 2010–14 | 2.01 | 2.68 | 2.58 | 2.73 |
| 2015–19 | 2.15 | 2.67 | 2.56 | 2.71 |
| 2020–24 | 1.90 | 2.62 | 2.52 | 2.65 |
| Change | −0.11 | +0.01 | −0.01 | −0.03 |
Households in Madison Park are small: just 1.90 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Household size has dropped from 2.01 in 2006–10, a much bigger shift than nationally. Only nine of Charlotte's 105 neighborhoods have smaller households.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 33.7 | 36.7 | 37.9 | 37.7 |
| 2010–14 | 35.6 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 32.3 | 38.6 | 40.2 | 39.6 |
| 2020–24 | 31.9 | 38.8 | 40.3 | 40.1 |
| Change | −1.8 | +2.0 | +2.3 | +2.3 |
Madison Park is young: half of its residents are under 31.9, compared with a national median of 40.1. The population tilts toward young adults, many of them living alone or as couples. The median age has dropped from 33.7 in 2006–10, even as the national median rose.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.1% | 12.3% | 12.3% | 12.3% |
| 2010–14 | 2.5% | 12.7% | 12.5% | 12.3% |
| 2015–19 | 8.3% | 11.5% | 11.6% | 11.6% |
| 2020–24 | 7.9% | 11.3% | 11.4% | 11.6% |
| Change | +1.8 pts | −0.9 pts | −1.0 pts | −0.6 pts |
Single parents head only 7.9% of households in Madison Park, well below the national share of 11.6%. Since 2006–10, the single-parent share has risen 1.8 points, even as the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Madison Park
Renters in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 46.1% | 30.9% | 31.9% | 33.3% |
| 2010–14 | 44.7% | 33.4% | 34.2% | 35.6% |
| 2015–19 | 36.8% | 34.3% | 34.8% | 36.0% |
| 2020–24 | 53.6% | 34.1% | 33.4% | 34.8% |
| Change | +7.4 pts | +3.2 pts | +1.4 pts | +1.5 pts |
Most households in Madison Park rent: 53.6% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. About one in ten owners (10.4%) have paid off their mortgages, well below the national share of 39.8%. The renter share is up 7.4 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.7% | 10.4% | 12.8% | 11.4% |
| 2010–14 | 11.4% | 10.0% | 12.8% | 11.4% |
| 2015–19 | 10.6% | 8.6% | 12.5% | 11.1% |
| 2020–24 | 11.5% | 8.3% | 11.4% | 9.6% |
| Change | +5.8 pts | −2.1 pts | −1.5 pts | −1.8 pts |
Vacancy runs a little high in Madison Park: 11.5% of homes are empty, against 9.6% nationally. The count includes vacation homes and homes between owners or tenants, not just abandoned ones. Since 2006–10, vacancy has risen 5.8 points, even as the national rate fell.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 1962 | 1986 | 1983 | 1974 |
| 2010–14 | 1965 | 1987 | 1985 | 1975 |
| 2015–19 | 1965 | 1989 | 1986 | 1977 |
| 2020–24 | 1992 | 1994 | 1990 | 1980 |
| Change | +30 | +8 | +7 | +6 |
Madison Park has newer housing than the country as a whole: the median home was built in 1992, versus 1980 nationally. The median year built has moved up from 1962 in 2006–10, a sign of steady new building. Newer construction is concentrated in the east, while the northwest has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | $998 | $875 | $789 | $965 |
| 2010–14 | $1,038 | $966 | $868 | $1,040 |
| 2015–19 | $1,501 | $1,127 | $981 | $1,213 |
| 2020–24 | $1,832 | $1,552 | $1,317 | $1,571 |
| Change | +$833 | +$678 | +$528 | +$606 |
A typical rental in Madison Park costs $1,832 a month with utilities, above the national median of $1,571. Rents are up $833 a month from 2006–10, an 83% jump, faster than rents rose nationally. The typical renter here spends 21.5% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Renters on a budget will find the lowest rents in the southeast; the highest are in the northwest.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Madison Park
Bachelor's degrees in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 42.9% | 30.6% | 27.8% | 28.4% |
| 2010–14 | 59.3% | 32.4% | 29.0% | 29.6% |
| 2015–19 | 61.8% | 35.9% | 32.0% | 32.1% |
| 2020–24 | 76.3% | 40.6% | 36.2% | 35.6% |
| Change | +33.4 pts | +10.0 pts | +8.4 pts | +7.2 pts |
College graduates are unusually common in Madison Park: 76.3% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. The share with a degree has risen 33.4 points since 2006–10, a much bigger shift than nationally.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 91.6% | 85.8% | 84.5% | 84.9% |
| 2010–14 | 94.8% | 87.3% | 86.0% | 86.1% |
| 2015–19 | 94.8% | 89.2% | 88.1% | 87.7% |
| 2020–24 | 99.4% | 90.6% | 90.2% | 89.3% |
| Change | +7.7 pts | +4.8 pts | +5.7 pts | +4.3 pts |
Finishing high school is nearly universal in Madison Park: 99.4% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has risen 7.7 points, in line with the national trend. Only two of Charlotte's 105 neighborhoods have a higher share of high school graduates.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Madison Park
| Period | Madison Park | Charlotte area | North Carolina | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.8% | 9.1% | 8.8% | 8.1% |
| 2010–14 | 5.1% | 10.8% | 10.6% | 9.4% |
| 2015–19 | 4.6% | 5.2% | 5.7% | 5.6% |
| 2020–24 | 4.7% | 4.3% | 4.8% | 5.4% |
| Change | −5.1 pts | −4.8 pts | −4.0 pts | −2.7 pts |
Unemployment in Madison Park is close to the national rate: 4.7% of the labor force, against 5.4%. Unemployment is down 5.1 points from 2006–10, in line with the national trend. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Madison Park compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Madison Park | 1.90 | 31.9 | 7.9% | 53.6% | 11.5% | 1992 | $1,832 | 76.3% | 99.4% | 4.7% |
| Closeburn-Glenkirk | 2.01 | 37.6 | 6.7% | 51.2% | 7.9% | 1972 | $1,709 | 62.0% | 93.0% | 0.5% |
| Collingwood | 2.01 | 35.4 | 8.3% | 64.7% | 8.2% | 1973 | $1,240 | 44.2% | 92.2% | 2.9% |
| Ashbrook-Clawson Village | 1.59 | 39.0 | 5.7% | 44.2% | 5.3% | 1983 | $1,688 | 67.2% | 96.6% | 10.2% |
| Barclay Downs | 1.97 | 37.8 | 2.2% | 55.5% | 13.6% | 1986 | $1,722 | 78.2% | 99.3% | 1.5% |
| Starmount | 2.53 | 31.7 | 20.6% | 21.4% | 5.1% | 1992 | $1,680 | 61.1% | 85.3% | 4.8% |
| Myers Park | 2.58 | 38.9 | 3.0% | 21.1% | 12.9% | 1974 | $2,019 | 85.7% | 98.2% | 2.0% |
| Sedgefield | 1.63 | 30.1 | 3.6% | 69.5% | 5.0% | 2004 | $2,017 | 85.0% | 99.1% | 2.6% |
| Montclaire South | 2.93 | 31.0 | 21.6% | 72.0% | 8.3% | 1985 | $1,481 | 33.3% | 74.1% | 7.4% |
| Quail Hollow | 2.07 | 44.8 | 2.7% | 8.8% | 3.7% | 1978 | $1,712 | 74.1% | 99.4% | 4.1% |
| Beverly Woods | 2.35 | 42.2 | 11.4% | 27.6% | 8.0% | 1982 | $2,308 | 82.8% | 99.1% | 4.6% |
All figures 2020–24.
Neighborhoods with similar populations: East Dedham, Dedham, MA · University Hills, Austin, TX · Traditions, Aurora, CO · The Crossing, Las Vegas, NV · Fernside, Alameda, CA · Euclid-Green, Cleveland, OH · Eastmoreland, Portland, OR · East Valley, San Bernardino, CA · East Phillips, Minneapolis, MN · Urbanizacion Caparra Terrace, San Juan, PR
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Madison Park. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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