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North Madison

Learn about the people, housing, costs and businesses in North Madison, Ohio

Median Home$161,029
Median Rent$1,026/month
Population8,402
Leading IndustriesRetail · Information & Media · Transportation26% retail
Home Value Growth⬆⬆+18.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners85% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
North Madison
OH

Frequently Asked Questions

What are today's mortgage rates in North Madison?

As of today, the 30-year fixed mortgage rate for North Madison is approximately 6.977% (7.019% 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 North Madison?

The median home value in North Madison is $161k. The median monthly rent is $1,026. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Madison?

Home values in North Madison have increased 18.8% 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 North Madison?

Based on a typical all-in ownership cost of $1,049/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 North Madison is $74k/year.

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What industries drive the economy in North Madison?

The largest employment sectors in North Madison are retail (26%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.