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Ohio · Census place 54978

New Madison village, OH

Quick answer

New Madison village has 804 residents, ranking #750 of 1265 places in Ohio. Median household income is $64,688, the median home is worth $107,800 and median gross rent runs $850 a month.

Population
804New Madison village residents
Median household income
$64,688Past 12 months, inflation adjusted
Median home value
$107,800Owner-occupied units
Median gross rent
$850Rent plus utilities, monthly
Median age
47.2 yrsAll residents
Homeownership rate
75.4%Owner-occupied households

What the numbers mean in New Madison village

Housing cost measured against local earnings.

A household earning the New Madison village median would spend about 15.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.5% of residents and 75.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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