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These days, finding an affordable place to live in the New Madison area can be challenging. Home prices in New Madison are now at a median cost of $137,983, lower than the Ohio average of $236,816.
The average cost of rent is $859/mo in New Madison, primarily driven by the current value of real estate in the New Madison area. In New Madison, 17.83% of households rent, and 48.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Madison is $6,270 per month. Households that rent pay about 13.69% of their income on rent here. New Madison’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Savona, OH: higher priced homes
- Wayne Lakes, OH: higher priced homes
- Hollansburg, OH: equally priced homes
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- Eldorado, OH: higher priced homes
- Palestine, OH: equally priced homes
- Fort Jefferson, OH: higher priced homes
- West Manchester, OH: higher priced homes
- Whitewater, IN: higher priced homes
- Delisle, OH: higher priced homes
Cities with Similar Populations
- Tillery Crossroads, AL: higher priced homes
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- Ellsworth, MI: higher priced homes
- Entiat, WA: higher priced homes
- Etna, OH: higher priced homes
- Falkner, MS: equally priced homes
- Forsyth, MT: higher priced homes
- Four Corners, MN: higher priced homes
- Geronimo, OK: equally priced homes
- Spiveys Corner, NC: higher priced homes
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