Madeira, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Madeira, OH Housing Market Trends

With 9,245 people, 3,304 houses or apartments, and a median cost of homes of $422,861, Madeira house prices are not only among the most expensive in Ohio, Madeira real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Madeira, accounting for 91.48% of the city's housing units. Other types of housing that are prevalent in Madeira include duplexes, homes converted to apartments or other small apartment buildings ( 3.80%), mobile homes or trailers ( 1.94%), and a few row houses and other attached homes ( 1.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madeira. Owner-occupied housing accounts for 85.36% of Madeira's homes, and 73.56% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Madeira's housing was primarily built during this period, from the '40s through the '60s. A full 57.75% of the city's housing hails from this era. Other housing ages represented in Madeira include homes built between 1970-1999 ( 21.15%) and housing constructed before 1939 ( 10.61%). There's also some housing in Madeira built between 2000 and later ( 10.49%).

Madeira Home Appreciation Rates

In the last 10 years, Madeira has experienced some of the highest home appreciation rates of any community in the nation. Madeira real estate appreciated 63.61% over the last ten years, which is an average annual home appreciation rate of 5.05%, putting Madeira in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Madeira definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Madeira's appreciation rate, at 5.95%, has been at or slightly above the national average. In the latest quarter, Madeira's appreciation rate has been 2.37%, which annualizes to a rate of 9.82%.

Relative to Ohio, our data show that Madeira's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 
info

Median Home Value:
$422,861

Madeira, OH HOME PRICES

> $1,274,000
1.2%
1.2%
$956,001 - $1,274,000
3.6%
3.6%
$637,001 - $956,000
12.3%
12.3%
$510,001 - $637,000
10.2%
10.2%
$382,001 - $510,000
15.9%
15.9%
$255,001 - $382,000
36.0%
36.0%
$128,001 - $255,000
15.2%
15.2%
$64,001 - $128,000
3.4%
3.4%
$0 - $64,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,304

Madeira Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
98.11% 3.31%
10
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,621 / per month

Homeownership Rate

Owners
85.4%
85.4%
Renters
14.6%
14.6%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
10.5%
10.5%
1970 - 1999
21.2%
21.2%
1940 - 1969
57.7%
57.7%
1939 or Older
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.5%
91.5%
Townhomes
1.9%
1.9%
Small Apt. Buildings
3.8%
3.8%
Apt. Complexes
0.9%
0.9%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.9%
2.9%
2 Bedrooms
17.2%
17.2%
3 Bedrooms
40.6%
40.6%
4 Bedrooms
33.0%
33.0%
5 or more bedrooms
6.3%
6.3%
0.0% 100.0%
% OF HOMES