Madison, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madison, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Madison Housing Market Information

With 3,182 people, 1,259 houses or apartments, and a median cost of homes of $142,591, Madison real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Madison, accounting for 73.31% of the village's housing units. Other types of housing that are prevalent in Madison include duplexes, homes converted to apartments or other small apartment buildings ( 12.70%), large apartment complexes or high rise apartments ( 7.53%), and a few row houses and other attached homes ( 6.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madison. Owner-occupied housing accounts for 76.05% of Madison's homes, and 75.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Madison built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Madison built before 1939 ( 23.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.37%). There's also some housing in Madison built between 2000 and later ( 11.63%).

Madison Home Appreciation Rates

Madison's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Madison during the period has been just -1.70%, which is lower than 80% of US communities.

Over the last year, Madison appreciation rates have trailed the rest of the nation. In the last twelve months, Madison's appreciation rate has been 1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madison were at -0.21%, which equates to an annual appreciation rate of -0.82%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Madison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Madison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Madison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$142,591

Madison, OH HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.0
$522,001 - $782,000 0.0
$417,001 - $522,000 0.0
$313,001 - $417,000 0.8
$209,001 - $313,000 15.7
$104,001 - $209,000 69.6
$52,001 - $104,000 8.4
$0 - $52,000 5.5

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
53.5421305519747 42.7821522309711

Number Of Homes And Apartments:
1,259

Madison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-0.28% -0.02% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 76.05
Renters 23.95
Vacant 4.26

Housing Market Details

 

Age of Homes

AGE OF Madison HOMES
2000 or Newer 11.6
1970 - 1999 50.2
1940 - 1969 14.4
1939 or Older 23.8

Types of Homes

TYPE OF Madison HOMES
Single-Family 73.3
Townhomes 6.5
Small Apt. Buildings 12.7
Apt. Complexes 7.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Madison HOMES
No Bedroom 0.00
1 Bedroom 6.08
2 Bedrooms 15.97
3 Bedrooms 58.63
4 Bedrooms 17.11
5 or more bedrooms 2.21