New Madison, OH—45346
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Madison, OH
As of Oct '25, the median home price in New Madison, OH is $198,000, with a year-over-year change of 8.6%. This indicates that home prices in New Madison, OH are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 8.6% |
| Single Family | $198,000 | 8.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | 9.7% |
3 Bed | $202,000 | 9.2% |
4 Bed | $255,000 | 11.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Madison, OH
New Madison, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Madison, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in New Madison, OH is 56. This is a increase 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 89.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 47.0% |
Listing Count | 9 | 33.0% |
| Listings as % of Homes | 0.6% | 33.0% |
Days on Market | 56 | 1.0% |
Demographics — New Madison, OH
As of the latest ACS Survey released in 2023, New Madison, OH has a population of 2,020, which has increased by 4.3% over the past 5 years. New Madison, OH is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,020 | 4.3% |
% Under 18 | 22.9% | 7.0% |
% Seniors | 20.2% | 18.1% |
% WFH | 8.0% | 321.1% |
% w/ College Degree | 17.6% | 24.8% |
As of the latest ACS Survey released in 2023, New Madison, OH is a predominantly white area, with 97.3% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in New Madison, OH is asian, making up 1.7% of the population. Foreign-born residents account for 1.8% of the population in New Madison, OH, and this percentage has increased by 350.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.3% | 0.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.2% | -66.7% |
% Asian | 1.7% | 325.0% |
% Foreign Born | 1.8% | 350.0% |
Mortgage and Risk — New Madison, OH
According to HUD data as of 2023, there were 54 mortgage originations in New Madison, OH, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in New Madison, OH. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — New Madison, OH
New Madison, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — New Madison, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $198,000 |
| Median Household Income | $81,100 |