The Rose City
Madison is also home to two universities; Drew University and Farleigh Dickinson University, providing numerous cultural and athletic events to enjoy. Drew's campus is home to the professional New Jersey Shakespeare Festival, the United States Field Hockey Center, and the Charles A. Dana Research Institute for Scientists Emeriti (RISE).Fairleigh Dickinson is New Jersey’s largest private university. The University offers over 100 undergraduate and graduate degree programs, including doctoral programs in clinical psychology and in school psychology, and an AACSB-accredited business school.
By car, Madison is easily accessible from major interstate highways Routes 287, 78, 95 and the Garden State Parkway. Madison offers train service via the MidTown Direct and Hoboken lines into Manhattan. Madison is also just a short drive to Morristown and only 20 minutes from the headquarters of the U.S. Equestrian Team and the U.S. Golf Association.
MADISON REAL ESTATE MARKET
Single family home prices typically start in the $500,000s.
The average price for a home in Madison in 2005 was $806,911.In 2006, prices dropped 3%, the average price for a home was $780,081.However, total dollar volume was up 12% from the previous year and the total number of homes sold in the first half of 2006 was 88 compared to the first half of 2005 where only 75 homes were sold.Average days on market is also slightly higher in 2006 than previous years.
In 2007 the average sale price in Madison rose 2% over the same time period of 2006 and total dollar volume remained unchanged.In the first four months of 2007, 86 properties sold, the average sale price was $796,047 and total dollar volume was $68,460,096.
Looking at sales in Madison and Harding it appears that markets further along the train line are not faring as well as communities closer to NYC.
For comprehensive statistical reports please visit our Area Market Statistics including statistics per school districts.
*Based on data from the Garden State Multiple Listing Service, comparing the first half of each year (January-June, the most active part of the year for real estate transactions).2007 statistics compared sales from January-April of each year.
The earliest settlers of European descent arrived about 1715 and established "Bottle Hill" at the crossroads of Ridgedale Avenue and Kings Road. The Luke Miller house at 105 Ridgedale Avenue is thought to be the oldest remaining home in the Borough, built around 1730. Morris County, created in 1739, was divided into three townships. The area in Madison north of Kings Road was in Hanover Township and the area to the south was part of Morris Township. A meeting house for the Presbyterian Church of South Hanover, as Madison was then called, was started in 1747 where the Presbyterian Cemetery still exists between Kings Road and Madison Avenue. Later, in 1806, Chatham Township was formed, comprising the present Madison, Chatham Borough, Chatham Township, and Florham Park, and thus the political division of the village was ended. In 1834, the name of the village was changed to Madison, and in 1889, with a population of 3,250 persons, it seceded from Chatham Township and became a borough in order to develop a local water supply system.
Madison's growth accelerated after the Civil War. The railroad provided good transportation for its farm produce. Later it made possible the establishment of a flourishing rose growing industry, still commemorated in Madison's nickname, The Rose City. The Morris and Essex Lines became one of America's first commuter railroads, attracting well-to-do families and contributing to the development of "Millionaire's Row," which stretched from downtown Madison to Morristown.
The rose industry and the large estates in the area attracted working class people of all kinds. As a result, Madison very early developed a varied population, both in terms of socio-economic status and ethnic background. The original settlers were of British stock; French settlers came after the Revolution; African Americans have been members of the community from early in the 19th century; Irish came in mid century and then Germans and Italians around the turn of the century. To this day there is a substantial community of Italian descent in Madison.
Madison School District Report from the State of New Jersey
Madison borough, New Jersey Statistics and Demographics (US Census 2000)
Madison NJ Crime Statistics (2002 - New Crime Data)
Interfaith Council of Madison and Florham Park
The InterfaithCouncil of Madison and Florham Park is a cooperative organization that brings together leaders and lay representatives from the area religious organizations. In addition, there are affiliated service organizations included in membership.
The members of Interfaith Council meet periodically to discuss current issues which effect the local congregations. This group looks to provide ecumenical leadership to the community and work to establish a sound basis for community based ministries across the organizational boundaries.
The Interfaith Council sponsors several annual events such as the Martin Luther King, Jr., Celebration, Pulpit Exchange and Thanksgiving Community Service.
Participating institutions include:
·Bethel AME Church, 53 Central Avenue, Madison, Rev. Teresa Lynn Rushdan, M.Div.
·Congregation Beth Torah, 165 Ridgedale Avenue, Florham Park,
·Calvary Prebyterian Church, 144 Ridgedale Avenue, Florham Park, Rev.George Vorsheim
·First Baptist Church, 36 Cook Avenue, Madison, Int. Pastor Charles Smith
·Good Shepherd Lutheran Church, 160 Ridgedale Avenue, Florham Park, Rev.
·Grace Episcopal Church, 4 Madison Avenue, Madison, Rev. Lauren Ackland
·Madison Baptist Church, 203 Green Avenue, Madison, Rev. Mark Millman, Associate Pastor
·Saint Vincent Martyr Church, 26 Green Village Road, Madison, Rev. Christopher DiLella
·Holy Family Church, Lloyd Avenue, Florham Park, Rev.
·United Methodist Church in Madison, 24 Madison Avenue, Madison, Rev. Robb Shoaf
·Grace Counseling Center, 6 Madison Avenue, Madison,
·Madison Area YMCA, 2 Ralph Stoddard Drive, Madison, Barry Kroll, Director .
Statement of Purpose
The organizations have worked together to promote the open sharing of information. The institutions have agreed to a common set of information and have agreed to present information in a clear and open format which will show continuing respect for individuals as well as all other religious organizations represented at this site.
Madison Official Site
Madison Community Website
Madison Eagle Newspaper
Madison Public Schools
Fairleigh Dickinson University
New Jersey Shakespeare Festival
Charles A. Dana Research Institute for Scientists Emeriti
U.S. Equestrian Team
U.S. Golf Association
Washington's Revolutionary War headquarters
Morristown National Historic Park at Jockey Hollow
Kent Place School
The Oak Knoll School
AT&T, Wyeth, Atlantic Mutual, Lucent Technologies, Nabisco, Novartis, Prudential, Schering-Plough, Telcordia Technologies, Drew University, Saint Barnabas Healthcare System
Reviews are available through Zagat or for free at http://chefmoz.org/United_States/NJ/
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