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North Madison, OH

Full City Profile · Ohio · Lake County County

3.0 /5.0
B Good
8,309 Population 2,125/sq mi density
$60,875 Median Income $32,863 per capita
$146,200 Home Value $225,642 Zillow
$1,109 Median Rent 27.0% income on rent
53°F Avg Temperature 275 sunny days/yr
250 Violent Crime/100K 1,848 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$60,875 median income, 4.3% unemployment
A+
Affordability
5.0 / 5.0
$146,200 home value, $1,109/mo rent
F
Safety
1.0 / 5.0
250 violent crimes/100K
C
Education
2.2 / 5.0
15.0% bachelor's degree or higher

Housing Overview

Median Home Value
$146,200
48% below
US avg: $281,900
Median Rent
$1,109/mo
5% below
US avg: $1,163/mo
Homeownership Rate
78.2%
20% above US avg (65.4%)
Total Housing Units
3,809
Median year built: 1970

Home Value by Source

Census Median
$146,200
Zillow (ZHVI)
$225,642
Median Sale Price
$175,000
Median List Price
$179,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

78.2%
Owner-Occupied
21.8%
Renter-Occupied
78%
22%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $1,109/mo

Market Indicators (Redfin)

Median Days on Market
38 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$129
Active Inventory
20
homes for sale

Affordability & Housing Stock

Rent Burden
27.0%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
78.2%

Complete Housing Data

Home Values

Census Median Value$146,200
Zillow Home Value (ZHVI)$225,642
Median Sale Price$175,000
Median List Price$179,000
Price Per Sq Ft$129

Rent

Census Median Rent$1,109
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market38
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold3
Active Inventory20
Price Per Sq Ft$129

Ownership & Stock

Owner-Occupied78.2%
Renter-Occupied21.8%
Homeownership Rate78.2%
Total Housing Units3,809
Median Year Built1970
Rent Burden27.0%