Housing in Madison

A typical Madison home is worth roughly $276,000

Typical home value

$276K

OH $249K

Estimate

2-bedroom rent

$1,100

a month, utilities in · HUD

Median tax bill

$2,101

OH $2,822

What kind of housing town is Madison?

Read from the numbers below. The page puts what stands out first.

Newer homesThe typical home was built around 1997.

★ What stands out · The homes

87% of Madison households own their home

Half of Madison’s homes were built before 1997.

Owners and renters

Own 87%Rent 13%

Ohio: 67% own.

1997

typical home built · OH 1970

$2,101

median property tax bill · OH $2,822

0.76%

of a home’s value, a year in tax · OH 1.31%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Affordability

A typical home costs 3.9 years of income

More than across Ohio (3.5 years). Try your own numbers below.

You could afford about

$282,000

Typical Madison home $276K

That covers a typical Madison home, with $6K to spare.

The typical home, each month

$1,620

Loan $1,370Tax $180Insurance $80

A two-bedroom rents for about $1,100 a month here, $520 less than owning.

Where your budget reaches nearby

Hopewell$279K Hopewell$272K Clayton$168K Newton$157K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Madison’s typical property tax (0.76% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,100

Renters already here pay a median of $1,701.

Fair Market Rent a month, utilities included

Studio$880

1 bedroom$910

2 bedrooms$1,100

3 bedrooms$1,380

4 bedrooms$1,580

13%

of households rent · OH 33%

renter households

53%

of renters spend 30%+ of income on rent · OH 46%

19%

of the median income, for a two-bedroom

$1,701

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Columbus, OH HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Madison vs. its neighbors

Madison is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Hopewell$279K Madison$276K Hopewell$272K Clayton$168K Newton$157K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Madison	$276K*	—	$1,100	—	$71,042
Hopewell	$279K	+7.1%	$1,090	—	$105,840
Hopewell	$272K*	+1.3%†	$1,160	0	$95,927
Clayton	$168K*	+5.9%†	$1,030	—	$44,740
Newton	$157K*	—	$1,010	—	$68,462

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Madison buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Madison still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.