Madison, OH—44057
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madison, OH
As of Oct '25, the median home price in Madison, OH is $226,000, with a year-over-year change of 4.0%. This indicates that home prices in Madison, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | 4.0% |
| Single Family | $230,000 | 4.1% |
| Condos | $206,000 | 4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 5.1% |
3 Bed | $225,000 | 4.2% |
4 Bed | $284,000 | 3.6% |
| 5 Bed | $320,000 | 2.6% |
% of Housing Stock
Rental Trends — Madison, OH
As of July '25, Rentcast reports the average rent in Madison, OH is $1,350, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Madison, OH is 2-bedrooms: $1,260, 3-bedrooms: $1,430. The most common rental property sizes in Madison, OH are 2-bedroom and 3-bedroom, accounting for 40.9% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,260 |
| 3 Bed Rent | $1,400 | $1,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madison, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Madison, OH is 35. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | 12.0% |
Listing Count | 53 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 35 | -1.0% |
Demographics — Madison, OH
As of the latest ACS Survey released in 2023, Madison, OH has a population of 19,500, which has remained stable by 0.0% over the past 5 years. Madison, OH is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 0.0% |
% Under 18 | 20.6% | -13.1% |
% Seniors | 20.0% | 9.9% |
% WFH | 9.6% | 284.0% |
% w/ College Degree | 16.5% | -15.4% |
As of the latest ACS Survey released in 2023, Madison, OH is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Madison, OH is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.8% of the population in Madison, OH, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.9% | -0.3% |
% Black | 0.5% | -44.4% |
% Hispanic | 2.3% | -30.3% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 1.8% | -5.3% |
Mortgage and Risk — Madison, OH
According to HUD data as of 2023, there were 310 mortgage originations in Madison, OH, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Madison, OH. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 310 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Madison, OH
Madison, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | $80 | $1,200 | $1,280 |
| 3 Bedroom | $250 | $1,400 | $1,650 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Madison, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $226,000 |
| Median Household Income | $70,200 |