New Madison, OH Real Estate

According to census data in the year 2000 there were 366 housing units in New Madison. This represents a 1.1% decline from 370 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 366 were located in what is classified as a rural area.

Homeownership rate in New Madison is about 81.3%. New Madison's vacancy rate, including seasonal lodging, is about 4.9%. Average household size is 2.38 people.

The majority of houses, apartments or condos in New Madison were built after 1945.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.10%
Two Bedrooms22.40%
Three Bedrooms59.60%
Four Bedrooms10.40%
Five Bedrooms or more3.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1949
Median Value of occupied units$76,500
Median Price asked for vacant units$70,000

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1939
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10%
Home Equity Loan5.40%
Simple Mortgage39.50%
Debt Free45.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%