Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Madison Village area can be challenging. Home prices in Madison Village are now at a median cost of $248,394, lower than the Lakewood average of $279,746.
The average cost of rent is $1,052/mo in Madison Village, primarily driven by the current value of real estate in the Madison Village area. In Madison Village, 56.52% of households rent, and 31.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison Village is $6,038 per month. Households that rent pay about 17.43% of their income on rent here. Madison Village’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Edgewater, Cleveland, OH: less expensive homes
- Cudell, Cleveland, OH: less expensive homes
- Jefferson, Cleveland, OH: less expensive homes
- West Boulevard, Cleveland, OH: less expensive homes
- Kamms Corner, Cleveland, OH: less expensive homes
- Detroit Shoreway, Cleveland, OH: equally priced homes
- Puritas Longmead, Cleveland, OH: less expensive homes
- Stockyards, Cleveland, OH: less expensive homes
- Clark-Fulton, Cleveland, OH: less expensive homes
- Ohio City-West Side, Cleveland, OH: higher priced homes
Neighborhoods with Similar Populations
- Mendenhall Valley, Juneau, AK: higher priced homes
- Brick Church Bellshire, Nashville, TN: higher priced homes
- Asylum Hill, Hartford, CT: higher priced homes
- Riverview, Kansas City, KS: less expensive homes
- Phinney Ridge, Seattle, WA: higher priced homes
- Pearl District, Portland, OR: higher priced homes
- Litte Italy, Niagara Falls, NY: less expensive homes
- Lincoln Square, Chicago, IL: higher priced homes
- LaGrange, Toledo, OH: less expensive homes
- Independence Heights, Houston, TX: higher priced homes
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