Home Price Key
Affordable
Average
Expensive
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 $103,648, lower than the Ohio average of $181,280.
The average cost of rent is $802/mo in New Madison, primarily driven by the current value of real estate in the New Madison area. While nearly 44.73% of residents own their homes outright in New Madison, 24.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Madison is $4,780 per month. Households that rent pay about 16.78% of their income on rent here. New Madison's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Savona, OH: higher priced homes
- Wayne Lakes, OH: higher priced homes
- Hollansburg, OH: equally priced homes
- Castine, OH: higher priced homes
- Eldorado, OH: higher priced homes
- Palestine, OH: equally priced homes
- Fort Jefferson, OH: equally priced homes
- West Manchester, OH: equally priced homes
- Whitewater, IN: higher priced homes
- Delisle, OH: higher priced homes
Cities with Similar Populations
- Tillery Crossroads, AL: higher priced homes
- Elephant Butte, NM: higher priced homes
- Ellsworth, MI: higher priced homes
- Entiat, WA: higher priced homes
- Etna, OH: higher priced homes
- Falkner, MS: higher 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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