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Madison, OH
Full City Profile · Ohio · Lake County County
3.3
/5.0
B
Good
3,427
Population
673/sq mi density
$95,313
Median Income
$37,169 per capita
$190,900
Home Value
$225,642 Zillow
$888
Median Rent
28.1% income on rent
53°F
Avg Temperature
275 sunny days/yr
250
Violent Crime/100K
1,848 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$95,313 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$190,900 home value, $888/mo rent
F
Safety
1.0 / 5.0
250 violent crimes/100K
C
Education
2.5 / 5.0
18.2% bachelor's degree or higher
Housing Overview
Median Home Value
$190,900
32% below
US avg: $281,900
Median Rent
$888/mo
24% below
US avg: $1,163/mo
Homeownership Rate
91.5%
40% above US avg (65.4%)
Total Housing Units
1,438
Median year built: 1978
Home Value by Source
Census Median
$190,900
Zillow (ZHVI)
$225,642
Median Sale Price
$287,450
Median List Price
$230,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.5%
Owner-Occupied
8.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,111/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,430/mo
3 Bedroom
$1,715/mo
4 Bedroom
$1,927/mo
Census median rent:
$888/mo
Market Indicators (Redfin)
Median Days on Market
19 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
44.4%
of listings with price reduction
Price Per Sq Ft
$151
Active Inventory
9
homes for sale
Affordability & Housing Stock
Rent Burden
28.1%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
91.5%
Complete Housing Data
Home Values
| Census Median Value | $190,900 |
| Zillow Home Value (ZHVI) | $225,642 |
| Median Sale Price | $287,450 |
| Median List Price | $230,000 |
| Price Per Sq Ft | $151 |
Rent
| Census Median Rent | $888 |
| FMR Studio | $1,111 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,430 |
| FMR 3-Bedroom | $1,715 |
| FMR 4-Bedroom | $1,927 |
Market
| Days on Market | 19 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 44.4% |
| Homes Sold | 2 |
| Active Inventory | 9 |
| Price Per Sq Ft | $151 |
Ownership & Stock
| Owner-Occupied | 91.5% |
| Renter-Occupied | 8.5% |
| Homeownership Rate | 91.5% |
| Total Housing Units | 1,438 |
| Median Year Built | 1978 |
| Rent Burden | 28.1% |