Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison Lake area can be challenging. Home prices in Madison Lake are now at a median cost of $160,362, lower than the Ohio average of $181,280.
The average cost of rent is $1,032/mo in Madison Lake, primarily driven by the current value of real estate in the Madison Lake area. While nearly 35.14% of residents own their homes outright in Madison Lake, 25.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Lake is $6,166 per month. Households that rent pay about 16.74% of their income on rent here. Madison Lake's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- London, OH: higher priced homes
- West Jefferson, OH: higher priced homes
- Summerford, OH: higher priced homes
- Georgesville, OH: higher priced homes
- Plumwood, OH: equally priced homes
- Sedalia, OH: equally priced homes
- Era, OH: higher priced homes
- Florence, OH: equally priced homes
- Harrisburg, OH: higher priced homes
- Midway, OH: equally priced homes
Cities with Similar Populations
- Camden, MO: less expensive homes
- West Jefferson, AL: less expensive homes
- West Independence, OH: higher priced homes
- Warwick, OH: higher priced homes
- Wards, NC: less expensive homes
- Charlton, MD: higher priced homes
- Centerton, IN: higher priced homes
- Catharine, KS: higher priced homes
- Cassville, PA: equally priced homes
- Casselman, PA: less expensive homes
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