Madeira, OH—45243
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madeira, OH
As of Oct '25, the median home price in Madeira, OH is $718,000, with a year-over-year change of 4.4%. This indicates that home prices in Madeira, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $718,000 | 4.4% |
| Single Family | $742,000 | 4.7% |
| Condos | $409,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $337,000 | 2.4% |
3 Bed | $465,000 | 3.6% |
4 Bed | $841,000 | 4.2% |
| 5 Bed | $1,773,000 | 5.6% |
% of Housing Stock
Rental Trends — Madeira, OH
As of July '25, Rentcast reports the average rent in Madeira, OH is $3,120, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Madeira, OH is 1-bedrooms: $1,020, 2-bedrooms: $1,800, 3-bedrooms: $2,960, 4-bedrooms: $4,410. The most common rental property sizes in Madeira, OH are 2-bedroom and 3-bedroom, accounting for 31.6% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,020 |
| 2 Bed Rent | $1,600 | $1,800 |
| 3 Bed Rent | $2,750 | $2,960 |
| 4 Bed Rent | $3,700 | $4,410 |
% of Rental Stock
Property Listings — Madeira, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Madeira, OH is 47. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,040,000 | -37.0% |
Listing Count | 66 | 6.0% |
| Listings as % of Homes | 0.6% | 6.0% |
Days on Market | 47 | -27.0% |
Demographics — Madeira, OH
As of the latest ACS Survey released in 2023, Madeira, OH has a population of 16,000, which has increased by 5.9% over the past 5 years. Madeira, OH is a popular place for families, as children make up 27.0% of the population. The area has a highly educated workforce, with 71.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,000 | 5.9% |
% Under 18 | 27.0% | 7.6% |
% Seniors | 21.2% | 16.5% |
% WFH | 23.8% | 133.3% |
% w/ College Degree | 71.0% | -5.5% |
As of the latest ACS Survey released in 2023, Madeira, OH is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Madeira, OH is asian, making up 5.2% of the population. Foreign-born residents account for 8.7% of the population in Madeira, OH, and this percentage has increased by 11.5% 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 | 85.1% | -4.7% |
% Black | 3.5% | 105.9% |
% Hispanic | 2.9% | 16.0% |
% Asian | 5.2% | 13.0% |
% Foreign Born | 8.7% | 11.5% |
Mortgage and Risk — Madeira, OH
According to HUD data as of 2023, there were 399 mortgage originations in Madeira, OH, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Madeira, OH. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 399 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Madeira, OH
As of 2024, the percent of homes in Madeira, OH under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Madeira, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,020 | $1,490 |
| 2 Bedroom | $330 | $1,600 | $1,930 |
| 3 Bedroom | -$190 | $2,750 | $2,560 |
| 4 Bedroom | -$870 | $3,700 | $2,830 |
Affordability — Madeira, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $718,000 |
| Median Household Income | $170,000 |