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Madison-Plains Local

Learn about the people, housing, costs and businesses in Madison-Plains Local, Ohio

Median Home$237,282
Median Rent$950/month
Population13,223
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality8% finance & insurance
Home Value Growth⬆⬆⬆+22.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners75% of occupied units
NotableHigh Incomes$95k/year · top 19% nationally
Madison-Plains Local
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Madison-Plains Local?

As of today, the 30-year fixed mortgage rate for Madison-Plains Local is approximately 6.989% (7.029% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Madison-Plains Local?

The median home value in Madison-Plains Local is $237k. The median monthly rent is $950. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Madison-Plains Local?

Home values in Madison-Plains Local have increased 22.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Madison-Plains Local?

Based on a typical all-in ownership cost of $1,059/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Madison-Plains Local is $95k/year.

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What industries drive the economy in Madison-Plains Local?

The largest employment sectors in Madison-Plains Local are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.