Madison County, Ohio Housing Market Prices
Madison County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 93% above the Ohio median More expensive than 87% of counties in Ohio$268,005
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Median rent 9% below the Ohio median More expensive than 74% of counties in Ohio$943
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Madison County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,005 | $139,044 | $248,835 |
| Price Trend (Annual %) | 14.9% | 6.7% | 7.5% |
| Median Gross Rent | $943 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Madison County is about 93% higher than in Ohio. Rent is about 9% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Madison County, up about 14.9% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Madison County rose about 28.3% between 2015 and 2024, from $735 to $943. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Madison County.
Buying the median-priced home in Madison County costs roughly 23.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madison County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Madison County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $268,005 | $139,044 | $248,835 |
| Median Household Income | $88,282 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Madison County rose about 250.7%, while median household income rose about 56.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Madison County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.6% | 61.7% | 58.5% |
| Rental Rate | 21.3% | 30.1% | 31.2% |
| Vacancy Rate | 5.0% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Madison County has a homeownership rate of 73.6%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 5.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Madison County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1985 | 1970 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Madison County was built around 1985. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Madison County, OH Housing Compared With Nearby Counties
Madison County, OH is the 4th largest of the 5 counties compared here, 44,416 residents against a local median of 101,240. Madison County, OH sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 15% above the local median at $268,005 against $233,144. Madison County, OH has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Madison County, OH | 44,416 | $268,005 #1/5 | $943 #3/5 | 77.5% #2/5 |
| Clark County, OH | 135,157 | $161,588 | $872 | 69.4% |
| Franklin County, OH | 1,332,477 | $223,791 | $1,302 | 52.8% |
| Union County, OH | 67,322 | $242,497 | $1,246 | 79.2% |
| Champaign County, OH | 38,804 | $252,679 | $905 | 76.8% |
Frequently Asked Questions
Common questions about the housing market in Madison County, Ohio.
What is the median home price in Madison County, Ohio?
The median home price in Madison County, Ohio is $268,005, higher than the Ohio average of $139,044.
What is the average home price in Madison County, Ohio?
The typical home price in Madison County, Ohio, reported as the median sale price, is $268,005. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Madison County, Ohio?
The median gross rent in Madison County, Ohio is $943 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Madison County in 2020?
In 2020, the median gross rent in Madison County, Ohio was $855 per month.
What is the price-to-rent ratio in Madison County, Ohio?
The price-to-rent ratio in Madison County, Ohio is about 23.7, meaning it would take roughly 23.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Madison County.
Are home prices or rent rising faster in Madison County, Ohio?
Both home prices and rent are rising in Madison County, up about 14.9% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Madison County, Ohio?
73.6% of households in Madison County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Madison County, Ohio?
The housing vacancy rate in Madison County, Ohio is 5.0%, lower than the Ohio average of 8.1%.
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