Why Live in Madison Park
Madison Park, located within Old Bridge Township, New Jersey, is a suburban community known for its proximity to both New York City, 10 miles away, and the beach, just 4 miles away. The neighborhood features a mix of 1950s ranch-style homes, colonial-style houses, and duplexes from the '80s and '90s, divided by U.S. Route 9. Madison Park is part of the highly rated Old Bridge Township Public Schools, with many homes near the well-regarded Madison Park Elementary School. Residents enjoy local parks with basketball courts, playgrounds, and shaded benches, as well as nearby Cheesequake State Park, which offers diverse ecosystems, hiking, kayaking, and winter sledding. For those seeking things to do, the area hosts events like Old Bridge Day and the Asian Cultural Festival at the Old Bridge Township Municipal Complex, and smaller gatherings at St. Bernadette Church. Shopping and dining options are plentiful along Route 9, featuring big-box stores and a variety of restaurants. Commuters benefit from highway and NJ Transit bus connections to New York City and Newark Liberty International Airport, 20 miles away. Despite a recent increase in crime reports, both property and violent crime rates in Old Bridge Township remain lower than the national average.
Frequently Asked Questions
What is the average home price in Madison Park, NJ?
Homes for sale in Madison Park, NJ have an average home price of $556,250.
How many homes have sold over the last 12 months in Madison Park, NJ?
4 homes have sold in Madison Park, NJ over the last 12 months.
What are the most popular zip codes in Madison Park, NJ?
How much do you need to make to afford a house in Madison Park?
The median home price in Madison Park is $542,500. If you put a 20% down payment of $108,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $121K a year to afford the median home price in Madison Park.
How are the schools in Madison Park, NJ?
Home Trends in Madison Park, NJ
On average, homes in Madison Park, NJ sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Madison Park, NJ over the last 12 months is $542,500, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$542,500
Median Single Family Sale Price
$542,500
Average Price Per Sq Ft
$424
Last 12 months Home Sales
4
Median List Price
$542,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%