Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison area can be challenging. Home prices in Madison are now at a median cost of $148,402, lower than the Ohio average of $181,280.
The average cost of rent is $879/mo in Madison, primarily driven by the current value of real estate in the Madison area. While nearly 38.45% of residents own their homes outright in Madison, 14.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison is $5,724 per month. Households that rent pay about 15.35% of their income on rent here. Madison's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- North Madison, OH: less expensive homes
- North Perry, OH: higher priced homes
- South Madison, OH: higher priced homes
- Perry, OH: higher priced homes
- Harpersfield, OH: higher priced homes
- Geneva, OH: equally priced homes
- Painesville on the Lake, OH: less expensive homes
- Thompson, OH: higher priced homes
- Geneva-on-the-Lake, OH: less expensive homes
- Mechanicsville, OH: higher priced homes
Cities with Similar Populations
- Dudley, NC: less expensive homes
- Eldon, MO: equally priced homes
- Eidson Road, TX: less expensive homes
- Edgemere, MD: higher priced homes
- Edenton, NC: higher priced homes
- Eden, NY: higher priced homes
- Ecorse, MI: less expensive homes
- Economy, PA: higher priced homes
- Duncansville, PA: equally priced homes
- Dunbar, WV: less expensive homes
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