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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 $251,411, higher than the Ohio average of $236,816.
The average cost of rent is $1,014/mo in Madison Lake, primarily driven by the current value of real estate in the Madison Lake area. In Madison Lake, 22.69% of households rent, and 35.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison Lake is $7,274 per month. Households that rent pay about 13.93% of their income on rent here. Madison Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- London, OH: equally priced homes
- West Jefferson, OH: less expensive homes
- Summerford, OH: equally priced homes
- Georgesville, OH: higher priced homes
- Plumwood, OH: higher priced homes
- Sedalia, OH: less expensive homes
- Era, OH: higher priced homes
- Florence, OH: less expensive homes
- Harrisburg, OH: higher priced homes
- Midway, OH: less expensive homes
Cities with Similar Populations
- Camden, MO: less expensive homes
- West Jefferson, AL: less expensive homes
- West Independence, OH: less expensive homes
- Warwick, OH: equally priced homes
- Wards, NC: less expensive homes
- Charlton, MD: equally priced homes
- Centerton, IN: higher priced homes
- Catharine, KS: equally priced homes
- Cassville, PA: less expensive homes
- Casselman, PA: less expensive homes
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