New Madison, OH is a great place to live when it comes to housing. The median value of homes in the area is significantly lower than the national average at $165,400 compared to $338,100. Additionally, the one-year house appreciation rate is higher in New Madison at 11.90% compared to the national rate of 8.27%. This means that homeowners in New Madison can expect their home values to appreciate at a faster rate than the US as a whole. It also indicates that housing in New Madison is a great investment for potential buyers who are looking for good returns on their money.
The median home cost in New Madison is $165,400. Home appreciation the last 10 years has been 75.2%. Home Appreciation in New Madison is up 13.0%.
Average Age of Homes
- The median age of New Madison real estate is 72 years old
The Rental Market in New Madison
- Renters make up 28.8% of the New Madison population
- 0.0% of houses and apartments in New Madison, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.