Madison County, Ohio Housing Market
In Madison County, Ohio, the median home value is $250,100, with a median monthly rent of $943. This places Madison County at #889 nationally out of 3134 counties by median home value, and #14 within Ohio.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,049
- Establishments: 975
- BLS QCEW, 2025
Housing Supply
- Single-family: 404
- Multi-family: 16
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,885 (avg $77,417)
- Outflow: 16,092 (avg $77,893)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 43162 | 232.8 | +2.60% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $250,100 | $196,325 | $227,706 |
| Median Gross Rent | $943 | $904 | $968 |
| Owner Occupancy Rate | 77.5% | 73.7% | 73.3% |
| Price/Rent Ratio | 22.1 | 17.9 | 18.7 |
Market Analysis
The median home value in Madison County is 27.4% above the Ohio state average and 9.8% above the U.S. national average. The median rent of $943/month is 4.3% above the state average.
With a price-to-rent ratio of 22.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Madison County has an owner-occupancy rate of 77.5%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sioux County | Iowa | $250,100 | $908 |
| Gulf County | Florida | $250,000 | $1,187 |
| Green County | Wisconsin | $250,200 | $867 |
| Forsyth County | North Carolina | $250,400 | $1,098 |
| Franklin County | Pennsylvania | $249,800 | $1,093 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Greene County | $252,200 | $1,135 | 68.0% |
| Pickaway County | $256,800 | $1,020 | 74.0% |
| Hamilton County | $241,900 | $1,075 | 59.3% |
| Butler County | $258,500 | $1,135 | 69.9% |
| Knox County | $239,400 | $950 | 75.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).